Richard A Wasserstrom | Lawyers as Professionals: Some Moral Issues

question 2

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.
-The relationship of inequality between lawyers and clients is intrinsic to the existence of professionalism for all of the following reasons EXCEPT

• A) lawyers possess expert knowledge.
• B) lawyers possess technical language.
• C) clients lack the objectivity required to effectively represent themselves.
• D) clients are in a position to evaluate how well the professionals perform.

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Definitions:

Convertible Bonds

Bonds that permit bondholders to convert them into common stock at the bondholders’ option.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Premium

An amount paid in addition to a standard price or rate, often for insurance or an enhanced level of service or coverage.

Interest Expense

The cost incurred by an entity for borrowed funds, recognized as a non-operating expense on the income statement.