One of the Most Important Professional Obligations of a Paralegal

question 11

Multiple Choice

One of the most important professional obligations of a paralegal is to treat all of your clients' information as

• A) personal.
• B) private.
• C) secret.
• D) confidential.

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Definitions:

Overdue Account Payable

An obligation or debt that a company has not paid by its due date.

Fiscal Year

A 12-month period that a company uses for accounting purposes and preparing financial statements.

Discounted Note

A promissory note that is issued at a price lower than its face value and repaid at its face value at maturity.

Cash Proceeds

The total amount of cash received from transactions, often relating to the sale of assets or products.