Paralegals 101 Exam Questions and Answers | 100% Pass

Paralegals 101 Exam Questions and Answers | 100% Pass What is true of paralegals? -Answer-They may NOT practice law Substantive law is law that: -Answer-Creates legal rights and creates legal obligations. Procedural law is law that: -Answer-Defines how rights are enforced. An example of procedural law is: -Answer-A law requiring that a complaint be filed to begin a lawsuit. Where are places where paralegals work? -Answer-Law firms, government agencies, and corporations. A legal aid office represents _______. -Answer-the needy A ______ provides services to attorneys on a contract basis. -Answer-Freelance paralegal The ______ is the party against whom a lawsuit is brought. -Answer-defendant The simplest form of a business, in which one individual owns the business, is entitled to any profits, and is personally liable for all debts or obligations, is known as: -Answer- A sole proprietorship A _______ is an association of two or more persons to carry on, as co-workers, a business for profit, where each owner owns a share if the business and is personally liable for the firm's profits or losses. -Answer-partnership A law firm may take what business organizational forms? -Answer-Sole proprietorship, partnership, and limited liability partnership Law-firm personnel include: -Answer-Partners (and possibly junior partners), associate attorneys, paralegals, and legal administrative or office managers. A set fee for a specific legal service, such as $500 for a simple will, is known as a _______. -Answer-fixed fee A legal fee that is a set percentage (such as 33%) of the amount that the plaintiff recovers in a civil lawsuit, and which must only be paid if the plaintiff prevails, is known as a __________. -Answer-contingency fee A ___________ is a signed document stating that the attorney or the law firm has been hired by the client to provide legal services and that the client agrees to pay the fees set forth in the contract. -Answer-retainer agreement An advance payment made by a client to a firm or attorney to cover part of the legal fees and/or costs that will be incurred on the client's behalf is called a: -Answer-Retainer Billing more than on client for the same billable time is called: -Answer-Double billing In an ethical opinion, the ABA indicated that attorneys are prohibited from ________. - Answer-Charging more than one client for the same billable hours of work. A ________ is a bank or escrow account in which one party holds funds belonging to another party; it is a bank account into which funds advanced to a law firm by a client are deposited. -Answer-trust account An attorney employed by a law firm who may someday become a partner and share in the firm's profits is called an __________. -Answer-associate attorney A _______is a form of business organization that normally allows lawyers doing business as partners to avoid personal liability for the malpractice of other partners. - Answer-limited liability partnership One of the most important professional obligations of a paralegal is to treat all of your clients' information as _______. -Answer-confidential The maximum time period within which specific types of legal actions may be brought to court is set by a _______. -Answer-statute of limitations Keeping clients reasonably informed is an attorney's ________. -Answer-duty Licensing of attorneys is accomplished as what level? -