NALS CIVIL LAW EXAM PREP 2026 STUDY
GUIDE | PRACTICE QUESTIONS, ANSWERS
& RATIONALES
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
, Assets Things that have more value than they lose. (Ex. a house, painting, etc.)
Liabilities Things that you owe money for (Ex. a car, phone, etc.)
Equity The difference between what you owe and what it's worth
Revenue When you sell something and make a profit
Expenses The things you have to pay for
Debit Money going out
Credit Money coming in
Balance Credit (+$) - Debit (-$) = Balance
Time How lawyers bill
Client matter separate projects completed for client
Contingency fee A fee that is a percentage of the damages recovered in certain types of lawsuits
(A % of the money is usually paid upfront, the rest is paid usually if the lawyer
wins)
Cost Flat rate of items actual cost charged to client
Fee Rate of items to enhance law suit
Written down To reduce bill or to charge less by removing some hours, fees, or costs.
Block Billing To lump a few client matters together in one charge
Drawee The person the check is written to (bank)
Payee A person to whom money is paid to
Drawer The person who funds the check will be drawn from (money will be taken from
this person's account)
Four types of checks Endorsement is blank (blank check), Special/full endorsement, Restrictive
endorsement, Qualified endorsement.
GUIDE | PRACTICE QUESTIONS, ANSWERS
& RATIONALES
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
, Assets Things that have more value than they lose. (Ex. a house, painting, etc.)
Liabilities Things that you owe money for (Ex. a car, phone, etc.)
Equity The difference between what you owe and what it's worth
Revenue When you sell something and make a profit
Expenses The things you have to pay for
Debit Money going out
Credit Money coming in
Balance Credit (+$) - Debit (-$) = Balance
Time How lawyers bill
Client matter separate projects completed for client
Contingency fee A fee that is a percentage of the damages recovered in certain types of lawsuits
(A % of the money is usually paid upfront, the rest is paid usually if the lawyer
wins)
Cost Flat rate of items actual cost charged to client
Fee Rate of items to enhance law suit
Written down To reduce bill or to charge less by removing some hours, fees, or costs.
Block Billing To lump a few client matters together in one charge
Drawee The person the check is written to (bank)
Payee A person to whom money is paid to
Drawer The person who funds the check will be drawn from (money will be taken from
this person's account)
Four types of checks Endorsement is blank (blank check), Special/full endorsement, Restrictive
endorsement, Qualified endorsement.
