Richard A Wasserstrom | Lawyers as Professionals: Some Moral Issues

question 6

Multiple Choice

Richard A. Wasserstrom | Lawyers as Professionals: Some Moral Issues
Wasserstrom discusses moral issues that arise when examining the lawyer-client relationship, focusing in particular on role-differentiated behavior among professionals. Providing a number of supporting reasons, he makes a case for a type of "deprofessionalizing" the legal profession that would counter the effects of the usual paternalistic and impersonal relationship between lawyers and clients.
-In comparing lawyers to parents and scientists, Wasserstrom is making the point that

• A) lawyers must put their own interests above their clients'.
• B) clients are not owed representation if they are guilty.
• C) it is often necessary to put aside moral considerations when championing a client's self-interest.
• D) there is never a reason for overstepping moral guidelines when it comes to representing a client's self-interest.

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Definitions:

Held-to-maturity Securities

Financial assets purchased with the intention and ability to hold them until a specified maturity date.

Fair Value

The estimated price at which an asset or liability could be sold or settled in a current transaction between willing parties.

Equity Method

An accounting technique used to record investments in associate companies where the investor has significant influence but not full control, recognizing income in proportion to their share of the earnings.

Carrying Amount

The value at which an asset is recognized on the balance sheet, considering factors like initial cost, depreciation, and impairment losses.