All States Require That Prospective Lawyers______ Before Being Admitted to Practice

question 120

Multiple Choice

All states require that prospective lawyers______ before being admitted to practice.

• A) join a local bar association
• B) pass a state bar exam
• C) obtain a Ph.D. in a law-related subject
• D) work as a paralegal for at least a year

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Definitions:

Unfunded Liabilities

Obligations for which sufficient assets have not been set aside and are not currently funded by investment.

Notes

Short for promissory notes, these are debt instruments whereby one party promises in writing to pay a determinate sum of money to the other at a specified date or upon demand.

Ask Price

The lowest price a seller is willing to accept for a security or commodity.

Equilibrium Price

The price point where the amount of goods that are offered for sale matches the amount of goods that consumers are willing to buy.