Foundations of solicitors' accounts

Question 1

What is principle 2 of the SRA Principles and Codes of conduct?

Answer 1

Act in a way that upholds public trust and confidence in the solicitors’ profession

Question 2

What is principle 4 of the SRA Principles and Codes of conduct?

Answer 2

Act with honesty

Question 3

What is business money?

Answer 3

Money that belongs to the law firm rather than to its clients

Question 4

What is client money?

Answer 4

Any money over which a solicitor or the firm has control but which does not belong to the firm.