MPRE EXAM QUESTIONS WITH VERIFIED ANSWERS LATEST

MPRE EXAM QUESTIONS WITH VERIFIED ANSWERS LATEST Business Transactions with Clients - Answer-1. Transaction must be fair and reasonable to client 2. Lawyer must disclose all terms to client in writing, in a way the client understands 3. Lawyer must advise client in writing to get independent counsel 4. Client must give informed consent in a signed writing Exceptions to when client must give informed consent in a signed writing for business transactions - Answer-a. an ordinary fee agreement between a lawyer and client, or b. a standard commercial transaction in which the lawyer buys goods or services that the client routinely markets to the public. Acquiring an Interest in the Subject Matter of Litigation - Answer-No proprietary interest in cause of action or subject matter of litigation (e.g., suing company for patent infringement; can't take ownership interest in patent BUT if hired to file patent application, then you can have ownership interest) Exceptions to Acquiring an Interest in the Subject Matter of Litigation - Answer-a. Contingent fees b. Lien on client's recovery (if authorized by law) Gifts from Clients - Answer-1. A lawyer CANNOT: a. Solicit substantial gift from client UNLESS relative OR solicitation for estate executor position b. Prepare instrument giving lawyer or relative substantial gift UNLESS donee related to client General rule for Literary or Media Rights - Answer-Cannot have interest in book, movie, or other portrayal during representation Exceptions to literary or media rights - when can attorney have literary or media rights? - Answer-a. When case is completely over b. When literary or media rights aren't substantially based on information relating to the representation General Rule for Financial Assistance to Client in Litigation - Answer-1. No financial help to client in connection with pending or contemplated litigation 2. Cannot guarantee loan from someone else to client Exceptions to Financial Assistance to Client in Litigation - Answer-a. May advance court costs and expenses b. May pay court costs and expenses for indigent client