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Suppose instead that the attorney in Fracasse vs.Brent sued for the reasonable value of the services he had rendered up until the time of discharge.In response to this complaint, the client alleged in a court document that the attorney's services were worthless because he missed an important filing date and thereby compromised the validity of the client's claim.The client further alleged that the attorney's conduct constituted legal malpractice and sued him in tort for the defendant attorney's negligence.What is the court document that contains such counterclaims by the defendant client properly called?
Stock Dividends Distributable
Shares to be issued to shareholders as part of a stock dividend, representing a portion of earnings not paid out as cash dividends.
Current Liabilities
Obligations or debts that a company must pay within a year from the date of the balance sheet.
Cost Method
An accounting method used to value inventory or investments at their original cost.
Treasury Stock
Refers to the shares that a company has repurchased from the stock market and holds in its own treasury.
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