If a Lawyer Fails to File a Document with the Court

question 71

Multiple Choice

If a lawyer fails to file a document with the court on time, causing his client's case to be dismissed, he would be liable for ________.

• A) professional malpractice
• B) intentional misrepresentation
• C) tort of appropriation
• D) breach of the duty of care

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Definitions:

Maximum Possible Gain

The highest profit that can be achieved in an investment.

SEC Rule 415

Known as "shelf registration," this SEC rule allows companies to register a new issue of securities without selling the entire issue at once.

Shelf Registration

A regulatory provision that allows an issuer to register a new issue of securities without selling the entire issue at once, facilitating future sales.

Initial Registration

The process through which a company files necessary documents with the Securities and Exchange Commission (SEC) for its securities to be offered to the public for the first time.