SOLICITOR Study guides, Revision notes & Summaries

Solicitors Accounts Exam Ready 'Cheat Sheet' Contains a table explaining the ledger entries for each transaction in the exam; Multiple Choice Questions with Answers; and Short Answer Questions with Answers!

notes based on Barbri prep course and external resources - debits, credits, rules for solicitor accounts

This document provides an overview and examples of the different drafting options that could come up on SQE2. It covers all SQE2 topics.

All the possible entries you'll need for the BPP Solicitors' Accounts Exam.

Everything you need in digestible steps that you can copy and paste in the exam, with little notes to help you understand everything. Do not need to go through workbook, just rely on this!

QUESTION 1 No person may carry on a regulated activity in the UK unless authorised or exempt (s19 FSMA). Need to ensure that the firm is not committing a criminal offence by carrying out a regulated activity without authority pursuant to S 23 FSMA, so we need to consider the effect of FSMA. 1. Are you in Business? a. For an activity to be a regulated activity under FSMA, it must be “carried on by way of business”. As the firm is providing a service for the client, it is in business for...

*DISTINCTION LEVEL* Alice Hicks style colourful summary with full client ledger examples and references to the textbook chapters/paragraphs for the exam. Also financial summary examples and full detail of the rules. University of Law Exam Ready!

Entry 2 of a Charges Register states that a conveyance dated 5 October 1999, made between Edward Charles Rigley (1) and Euan Andrew Palenbella (2), contains restrictive covenants. The Land Registry does not have a copy of this conveyance. Which ONE of the following statements about the contents of the conveyance is CORRECT? A. A buyer would be bound by the covenants contained in the missing conveyance, because the Charges Register refers to them B. A buyer would not be bound by the ...

The solicitor should pay the whole of the sum into client account and promptly transfer £800 to business account When there is a mixed payment of client money and non-client money, it must be paid into client account, and the non-client money transferred to business account. - CORRECT ANSWER-A solicitor acts for a residential buyer, and the transaction is nearing simultaneous exchange and completion. The buyer sends to the solicitor a bank transfer comprising £800 solicitors' costs a...