A document has ____________________ value if it is covered by statute.
Fill in the blank(s) with the appropriate word(s).
legal
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Before proceeding with Chapter 7 bankruptcy, a debtor must complete which of the following?
A. Credit counseling B. Spending counseling C. Community service D. A jail sentence
Which type of retainer is typically used when a client such as a corporation requires continuing legal services throughout the year?
a. Pure retainer b. Cash advance retainer c. Case retainer d. Retainer for general representation e. IOLTA retainer
A fully amortized loan will always have a balloon payment.
Answer the following statement true (T) or false (F)
Which is NOT a duty of the personal representative in closing the estate after the distribution of assets??
A. ?Signing and filing a petition for settlement and distribution B. ?Paying the law firm's fee C. ?Proving that the remaining assets of the estate have been distributed D. ?Submitting a final account that contains a list of all assets collected