What does it mean to say that a lawyer must be competent?
What will be an ideal response?
According to Model Rule 1.1, “[c]ompetent representation requires the legal knowledge,
skill, thoroughness and preparation reasonably necessary for the representation.” Model Code
DR 6-101(A) prohibits a lawyer from taking a case the lawyer knows or should know that the
lawyer is not competent to handle without assistance. Ultimately, competence involves the
lawyer understanding the client’s needs and thoroughly preparing to respond with diligence
in serving those needs.
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Which statement about globalization is true?
a. It has led to more quotas on trade around the world. b. It is a purely economic term used to describe interrelated global markets. c. It has been fueled by trade, immigration, and foreign investment. d. It is the process by which more countries are becoming economically self-sufficient around the globe.
An environmental threat is a challenge posed by an unfavorable trend or development that, in the absence of defensive marketing action, would lead to lower sales or profit
Indicate whether the statement is true or false
Do you know if either your parents or your sister plan to use the vacation timeshare this year
What will be an ideal response?
Which of the following is not true regarding firms use of net assets (assets minus liabilities)?
a. Firms use net assets to generate more net assets through the earnings b. Firms typically retain some or all of the net assets generated by earnings, causing net assets to increase, along with retained earnings, which is the component of shareholders' equity showing the cause of that increase in net assets. c. The retention of net assets generated by earnings generally increases the market price of the firm's common shares. d. Some firms pay periodic dividends to the common shareholders out of net assets. e. Regardless of whether a firm has more than one class of common stock and their dividend rights differ, each common shareholder always receives the same dividend per share as all other common shareholders.