In California, an Independent Paralegal Not Working Under the Supervision

question 51

Multiple Choice

In California, an independent paralegal not working under the supervision of a lawyer

• A) can call him- or herself a paralegal.
• B) cannot call him- or herself a paralegal.
• C) must pay dues to use the title of paralegal.
• D) None of these choices is correct.

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Definitions:

Trade Accounts

Accounts used to record transactions carried out on credit between businesses, typically involving the sale of goods and services.

Aging of Accounts Receivable

An accounting process that categorizes accounts receivable according to the length of time an invoice has been outstanding to manage and collect debts effectively.

Allowance for Uncollectible Accounts

A reserve set aside in the accounting books for debts that are expected not to be collected, reflecting realistic income figures.

Troubled Debt

Debt that the borrower is unable to pay back according to the original agreement, leading to restructuring or modification of terms.