LPM Chapter 6 Exam Questions And Correct Answers 100% Verified.
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Course
LPM
Institution
LPM
LPM Chapter 6 Exam Questions And
Correct Answers 100% Verified.
At the time of the Roman republic, how much did legal services cost? - AnswerThey were free
of charge :)
Name the 10 different types of fees - Answer1) Retainer
2) Hourly
3) Flat or Fixed
4) Task-based
5) Contingency
6) Statut...
LPM Chapter 6 Exam Questions And
Correct Answers 100% Verified.
At the time of the Roman republic, how much did legal services cost? - Answer✔They were free
of charge :)
Name the 10 different types of fees - Answer✔1) Retainer
2) Hourly
3) Flat or Fixed
4) Task-based
5) Contingency
6) Statutory
7) Referral
8) Premiums
9) Value based
10) Combination
Name the 4 types of retainers - Answer✔1) True
2) Nonrefundable Chargeable retainer
3) Nonrefundable nonchargeable retainer
4) Refundable chargeable
What is a true retainer? - Answer✔A fee paid to the law firm to ensure the firm's loyalty to the
client
Why is a true retainer fee used? - Answer✔To ensure the firm's loyalty to the client
What is a nonrefundable chargeable retainer? - Answer✔Paid in advance of representation and
is not refundable to the client under most circumstances
What is a nonrefundable nonchargeable retainer? - Answer✔Paid to the firm at the beginning
of the case and is not applied to the client's bill
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