A Retainer

question 36

Multiple Choice

A retainer

• A) works to secure the release of an arrested person.
• B) refers to the costs incurred by a lawyer on a client's behalf.
• C) is the amount a lawyer will receive when charging based on a contingency fee agreement.
• D) works as a deposit.
• E) is the amount a client must pay that is in addition to regular legal fees and disbursements.

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Definitions:

Assignee

An individual or entity to whom rights or interests have been transferred by another party.

Statutory Assignment

An assignment that meets certain qualifications and under which the assignee can enforce a claim directly without involving the assignor.

Perished

Refers to goods or property that has been destroyed or has deteriorated to the point where it is no longer usable or valuable.

Lumber

Processed wood used for building and construction purposes.