Kaplan Mod 9

Question 1

Is an attorney allowed to accept a car as a retainer payment?

Answer 1

The attorney could take the car, but would have to park it somewhere secure, if there’s any expenses to park it, that money will come from the client

Question 2

If a client gave you a car as a retainer, can you use the car?

Answer 2

Not until you’d earned all of the fees that paid for the car

Question 3

Where should a client account be held?

Answer 3

In the state that you are practising

Question 4

Is it permissible to put all of your clients’ money together in a client trust account?

Answer 4

Yes, as long as you do not commingle with your own, and you must keep detailed records so that you can determine whose money is whose

Question 5

If you and your client have a dispute about how much your fees should be, and your client thinks out of $100,000 settlement, you should get $20,000, but you think you should get $30,000, how much money must you leave in the client trust account until the dispute is settled?

Answer 5

$10,000 because that is the amount in dispute