Assume That You Have Just Opened the Morning Mail and Received

question 66

Essay

Assume that you have just opened the morning mail and received a copy of a complaint alleging a cause of action against Mr. Holton, who is represented by your firm. His file number is 92-1000. You know that you have 20 days, starting tomorrow, to file an answer and that it is your job to draft an answer for your supervising attorney's review. You have received the complaint on September 5. Making up the names you need, prepare the following deadline control slip so the document will be ready to mail on the 20th day. Ignore the fact that some days may be weekend days for purposes of this assignment only. Assume it will take a half day to research and draft the answer, one hour for the attorney to review it, a half hour for you to make revisions, and a half hour for the secretary to type it and have it ready for mailing. Complete all sections of the slip.

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Definitions:

Perfectly Elastic

A situation in economics where the quantity demanded or supplied responds infinitely to changes in price.

Excise Tax

A tax charged on specific goods and services, such as tobacco and alcohol, often implemented to discourage their use or raise government revenue.

Upsloping

Typically refers to a graph line that shows an increase in a variable as another variable increases; commonly used in economics to describe supply curves.

Suppliers

Entities that provide goods or services to other individuals or organizations, typically for resale or business use.