If the American Bar Association Sought to Increase the Incomes

question 82

Multiple Choice

If the American Bar Association sought to increase the incomes of its members, it could do so by:

• A) making it easier to get into law schools.
• B) decreasing the supply of lawyers.
• C) removing licensing requirements.
• D) reducing the number of cases law firms are allowed to accept.

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Definitions:

Federal Bankruptcy Law

A collection of laws outlined in the U.S. Bankruptcy Code that governs the process by which individuals, couples, and businesses may declare bankruptcy in the United States.

Bankruptcy Code

The set of federal statutes that govern the process of legal declaration of a person or corporation's inability to pay debts.

Alimony

Financial support paid by one former spouse to another after divorce or separation, intended to provide for the recipient's needs.

Child Support

Child support refers to periodic payments made by a parent for the financial benefit of a child following the end of a marriage or other relationship, aimed at covering living expenses and needs of the child.