Which Is NOT One of the Canons of the NALA

question 10

Multiple Choice

Which is NOT one of the canons of the NALA Code of Ethics and Professional Responsibility?

• A)A legal assistant shall be held to the same ethical standards as an attorney and be subject to the same disciplinary action.
• B)A paralegal must not perform any of the duties that attorneys only may perform nor take any actions that attorneys may not take.
• C)A paralegal must protect the confidences of a client and must not violate any rule controlling the doctrine of privileged communications between a client and an attorney.
• D)A paralegal must disclose to his or her employer or prospective employer any preexisting client or personal relationship that may conflict with the interests of the employer or prospective employer and/or their clients.

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Definitions:

Declaration Dividend

The act of a company's board of directors formally announcing the payment of a dividend to shareholders.

Financial Statements

Reports that summarize the financial activities and condition of a business, including balance sheet, income statement, and cash flow statement.

Stockholders' Equity

The portion of a company's assets that belongs to the shareholders, represented by the company's common stock, preferred stock, and retained earnings.

Accrued Wages

Wages that have been earned by employees but have not yet been paid by the employer.