If a Paralegal Worked on the Case for the Opposing

question 4

Multiple Choice

If a paralegal worked on the case for the opposing side at her prior employment,

• A)she need not disclose this, because she owes the prior client the duty of confidentiality.
• B)The firm will no longer be able to represent the client.
• C)Screening a paralegal is usually allowed to avoid imputed disqualification.
• D)The paralegal can waive the potential conflict of interest.

Understand the concept of wealth and net worth and their differences.

Distinguish between normative and positive economic questions.

Comprehend the calculation of economic income and its components.

Grasp the principles of taxation, including double taxation on savings and the debates over the best tax base.

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Definitions:

Hedge Derivatives

Hedge derivatives are financial instruments used to reduce or mitigate the risk of adverse price movements in an asset, typically involving futures, options, and swaps.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting its liquidity.