Sophisticated Clients

question 116

Multiple Choice

Sophisticated clients

• A) do not require the services of a lawyer.
• B) understand the importance of the solicitor-client relationship.
• C) distrust and deride lawyers.
• D) is someone with formal legal training.
• E) should represent themselves, rather than paying for legal services.

---

Definitions:

Drawer's Account

Refers to the bank account from which a check is drawn or payable.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee's name printed on the document.

Bank Draws

Withdrawals or loans taken from a line of credit or banking account, often utilized to manage cash flow or finance operations.

Forged Checks

Checks that have been illegally altered or created to defraud and deceive, often involving signature forgery.