Under Rule 3

question 31

True/False

Under Rule 3.3(A) (3)of the Model Rules of Professional Conduct, an attorney has an ethical duty to disclose legal authority that is adverse to the position of the client and is not disclosed by the opposing counsel.

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Definitions:

Uncertain Outcome

A situation or event where the final result is not known or cannot be predicted with certainty.

Hurdle Rate

The minimum rate of return on a project or investment required by a manager or investor to proceed with the project.

Hurdle Rate

The minimum acceptable rate of return on an investment, used as a benchmark to assess its financial viability.

Borrowed Funds

Money obtained through loans or debt financing, which needs to be repaid over time, usually with interest.