Paralegals Are Indirectly Regulated by Which of the Following

question 153

Multiple Choice

Paralegals are indirectly regulated by which of the following?

• A) Professional paralegal organizations
• B) The ABA
• C) State bar associations
• D) All of these choices are correct.

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Definitions:

Warranty of Title

A guarantee provided by a seller that they have the right to sell the property and that there are no undisclosed encumbrances or liens against it.

Police Auction

An event where items that have been confiscated, abandoned, or recovered by law enforcement agencies are sold to the highest bidder.

Abandoned Property

Property that has been discarded by the owner without the intent to reclaim ownership of it. Courts require clear and convincing evidence of both the desertion by the owner and the owner’s intent never to return.

Fair Market Value

The price that a property would sell for on the open market, considering all conditions of the sale without any undue pressures on buyer or seller.