Which of the Following Is True of Paralegals Working in the Litigation

question 17

Multiple Choice

Which of the following is true of paralegals working in the litigation specialty?

• A) They may represent clients before the court.
• B) They must have standing to sue.
• C) They must have appropriate venue.
• D) They must become familiar with the procedural rules of the relevant courts.

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Definitions:

Accumulated Depreciation

The total depreciation that has been recorded for an asset over its useful life.

Gain On Sale

The profit earned from the sale of an asset above its book value.

GAAP

A set of widespread accounting rules and standards, referred to as Generally Accepted Accounting Principles, used for financial reporting.

Fair Value

The estimated market value of an asset or liability, reflecting the amount at which it could be bought or sold in a current transaction between willing parties.