A Lawyer Has Entered a Contract with Her Client to Purchase

question 43

Multiple Choice

A lawyer has entered a contract with her client to purchase the client's summer cottage and is representing both herself and the client with respect to legal matters involved in completing the transaction.What is the most likely result of this lawyer's actions in these circumstances?

• A) The lawyer has breached her client's right to privilege.
• B) The lawyer has formed a binding and enforceable contract.
• C) The lawyer has breached her duty to provide a reasonably competent service.
• D) The lawyer has placed herself in a conflict of interest.

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Definitions:

Motor Vehicle Safety Standards

Motor Vehicle Safety Standards are regulations established to ensure the safety and reliability of motor vehicles, protecting passengers, drivers, and pedestrians.

Warranty

A guarantee provided by a seller regarding the quality, performance, or condition of a product.

Gramm-Leach-Bliley Financial Modernization Act

A law enacted in 1999 that aims to regulate the collection, disclosure, and protection of consumers' personal financial information by financial institutions.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.