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BLAW 301 Midterm 1 Review Study Guide Solutions
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BLAW 301 Midterm 1 Review Study Guide Solutions Characteristics of a sophisticated client - ANSWER-Knowledgeable, Confident in dealings, able to research the law, provides complete and accurate info, able to understand lawyers advice The need for a lawyer when starting a business - ANSWER-Type ...

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  • 30 oktober 2024
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FIRST PUBLISH OCTOBER 2024




BLAW 301 Midterm 1 Review Study Guide

Solutions


Characteristics of a sophisticated client - ANSWER✔✔-Knowledgeable, Confident in dealings, able to

research the law, provides complete and accurate info, able to understand lawyers advice


The need for a lawyer when starting a business - ANSWER✔✔-Type of business, Buying a business,

understanding and complying with laws about business, physical location (buying/selling property),

Finances, Contracts, Intellectual Property, Taxes


Role of the Lawyer - ANSWER✔✔-Gives advice, options, consequences and opinions to client


Role of the Client - ANSWER✔✔-Makes the final informed decision about the matter


When should you hire a lawyer? - ANSWER✔✔-For srs matters, criminal matters, contested family

matters, non-routine business matters, or anything you don't understand


How do you find a good lawyer? - ANSWER✔✔-Make a list, use sources like Yellow Pages ads and the

Law societys lawyer referral service (gives names and numbers), meet with a lawyer and see if you trust

their style, its not all about money




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, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Legal Aid Alberta - ANSWER✔✔-Provides cost effective legal services for peeps in AB, they can appoint

lawyers to represent you, you may still need to pay, legal aid only covers certain types of legal matters


Fixed Fee - ANSWER✔✔-Lawyer payment method where you pay a fixed fee regardless of time involved,

for ex. preparing a will or incorporating a business


Contingency Fee - ANSWER✔✔-Lawyer payment method where the lawyer gets a % of the judgement or

settlement money from the client if they win the case, and if they lose they get nothing


Hourly Rate - ANSWER✔✔-Lawyer payment method that depends on time spent with client, rates vary

depending on lawyers experience


Percentage Rate (value added) - ANSWER✔✔-Lawyer Payment Method where the client pays a fixed fee

plus a % based on the value of the matter, ex. probating an estate, buying/selling a business


Disbursements - ANSWER✔✔-Extra costs, out of pocket expenses the lawyer incurs when handling a

clients case, ex. postage, long distance charges, photocopying, medical reports, court filing fees


Retainer - ANSWER✔✔-an amount of money a lawyer will request before starting work. The retainer is

held in trust for the client. As the lawyer does work for the client they will take the money that would be

billed to the client from the retainer stash and at the end of the case the remaining money is returned to

the client.


Complaints - ANSWER✔✔-1) Cant complain if you lose your case



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, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




2) Can complain to Law Society of Alberta if a lawyer breaches Code of Professional Conduct




3)Complaints about lawyer fees is directed to taxation officer (court official)


Complaining doesnt mean money - ANSWER✔✔-If you want money from your lawyer, you need to sue

them from their insurance company, or if a lawyer has stolen trust funds, you complain to the Assurance

Fund for compensation


Business People's Code - ANSWER✔✔-"Business people" do not have a code of conduct, they should

make their own based on core ethical values and try their best to implement them throughout their

company and to their clients


What could be included in the code of conduct for Business people in a small business - ANSWER✔✔-1)

Standards for employee behavior


2) Proper use of corporate money/assets


3) Confidentiality of business/employee info


4)Fair dealing


5)Conflicts of interest


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