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2024 Solicitors and Barristers EXAM latest update 2024 FINAL PASS A+ How many barristers are employed by the CPS? - ANSWER3000 What are Barristers referred to as? - ANSWER-'The Bar' What is 'direct access'? - ANSWER-barristers approached directly by a client (this can be in any area of law EXCEPT family or criminal law) What is the 'cab bank rule'? - ANSWER-barristers can't refuse a case if it's in their area of specialism and they're free but can refuse if a barriste...

You hold £500 on account of costs for the client. You pay a surveyor's fee of £200 + £40 for the client. The invoice is made out to you. Subsequently you send the clients a bill for £400 in professional charges. The client is registered for VAT. How do you send the VAT invoices? - CORRECT ANSWER-You will send the client one VAT invoice covering the VAT on both the survey and the profit costs. You are holding £600 on account of costs and have to pay a disbursement. Which is correct...

ACTUAL EXAM FOR REAL ESTATE MCQS SUMMARY SOLICITORS ACCOUNTS 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 Charg...

CHAPTER 6-12 FOR MOCK MCQS SUMMARY SOLICITORS ACCOUNTS RETAKE EXAM Inherent risk differs from detection risk in that inherent risk: A. arises from the misapplication of auditing procedures. B. may be assessed in either quantitative or non-quantitative terms. C. exists independently of the financial report audit. D. can be changed at the auditor's discretion. - CORRECT ANSWER-C Which of the following would not increase inherent risk? A. Introduction of a performance-based management ...

SQE 1 - Solicitors Accounts (Client money and client accoutns) Latest Update Exam Questions and 100% Verified Correct Answers Guaranteed A+

Client or office money? Money held to sender's order where sender is not a client of the firm. - Client money. See r12.1 Client or office money? Money held or received as stakeholder, where firm is conducting a transaction for a principal of the firm. - Client money. Stakeholder money is always client money. See r12.2(b) Client or office money? Money received for any paid disbursement. - Office money. Doesn't matter what the nature of the disbursement is. See r12.7(c)(ii) Client or offic...

FLK2 MCQS SUMMARY SOLICITORS ACCOUNTS EXAM (ELABORATED QUESTIONS AND ANSWERS) LATEST 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 completio...

SQE1: Solicitors' Accounts Exam Question with Correct Answers 2024/2025SQE1: Solicitors' Accounts Exam Question with Correct Answers 2024/2025SQE1: Solicitors' Accounts Exam Question with Correct Answers 2024/2025SQE1: Solicitors' Accounts Exam Question with Correct Answers 2024/2025SQE1: Solicitors' Accounts Exam Question with Correct Answers 2024/2025SQE1: Solicitors' Accounts Exam Question with Correct Answers 2024/2025SQE1: Solicitors' Accounts Exam Question with Correct Answers 2024/...

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