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NALA Certified Paralegal Knowledge Exam Questions with
100% Verified Answers UPDATED!!!
Tradition Paralegal - ANSWER A paralegal who is an employee of
an attorney
Independent Contractors - ANSWER self-employed person who
operates their own business and contracts to perform tasks.
Those who have independent contractors do not control many
admin tasks.
Litigation Paralegal - ANSWER works on cases in litigation,
particularly in pretrial stages
Transactional Paralegal - ANSWER Provides paralegal services
for an attorney who represents clients in transactions such as
entering contracts, incorporating a business, closing a real
estate purchase.
Sole Practitioner - ANSWER An attorney who practices law
alone.
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Partnership - ANSWER Two or more individuals decide to do
business together. Both share profits and losses.
Joint and Several Liability - ANSWER A third party can sue all
(jointly) or individuals (severally)
Limited Partnership - ANSWER Partnership consisting of one or
more general partners and one ore more limited partners
Bylaws - ANSWER Set of governing rules adopted by a
corporation or other association
Articles of incorporation - ANSWER document filed with the
state officials when a business is incorporated
Liquidation - ANSWER A proceeding under Chapter 7 of the
Bankruptcy Code. A debtor lists his or her debts and turns all
assets over to a trustee, who sells the nonexempt assets and
distributes the proceeds to creditors
NALA Certified Paralegal Knowledge Exam Questions with
100% Verified Answers UPDATED!!!
Tradition Paralegal - ANSWER A paralegal who is an employee of
an attorney
Independent Contractors - ANSWER self-employed person who
operates their own business and contracts to perform tasks.
Those who have independent contractors do not control many
admin tasks.
Litigation Paralegal - ANSWER works on cases in litigation,
particularly in pretrial stages
Transactional Paralegal - ANSWER Provides paralegal services
for an attorney who represents clients in transactions such as
entering contracts, incorporating a business, closing a real
estate purchase.
Sole Practitioner - ANSWER An attorney who practices law
alone.
, 2|Page
Partnership - ANSWER Two or more individuals decide to do
business together. Both share profits and losses.
Joint and Several Liability - ANSWER A third party can sue all
(jointly) or individuals (severally)
Limited Partnership - ANSWER Partnership consisting of one or
more general partners and one ore more limited partners
Bylaws - ANSWER Set of governing rules adopted by a
corporation or other association
Articles of incorporation - ANSWER document filed with the
state officials when a business is incorporated
Liquidation - ANSWER A proceeding under Chapter 7 of the
Bankruptcy Code. A debtor lists his or her debts and turns all
assets over to a trustee, who sells the nonexempt assets and
distributes the proceeds to creditors
