In Order to Be a Practicing Attorney in the State

question 46

Multiple Choice

In order to be a practicing attorney in the State of Texas, a lawyer must be

• A) a member of the State Bar of Texas.
• B) a graduate of a Texas law school.
• C) registered with the National Lawyers Guild.
• D) a member of the Texas Trial Lawyers Association.

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Definitions:

Statement of Stockholders' Equity

A financial statement showing the changes in the value of a company's equity over a specific period, due to earnings, losses, and dividends.

Corporation's Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Liability

A financial obligation or amount owed by a company to external parties or creditors, which must be settled through the transfer of assets or services.