An Attorney Who Has Had a Privileged Conversation with a Client

question 42

Multiple Choice

An attorney who has had a privileged conversation with a client can be compelled to disclose:

• A)names and dates of consultations
• B)reason for the consultation
• C)copy of retainer agreement
• D)all of these

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Definitions:

Expenses

Costs incurred in the process of generating revenue, typically categorized as operational costs like rent, salaries, and utilities.

Withdrawals

Funds taken out from a business by the owner(s) for personal use, affecting the owner's equity account.

Owner's Equity Statement

A financial document that details the changes in the owner’s equity of a business over a period of time, including investments, withdrawals, and net income.

Worksheet

A document used by accountants to organize and summarize financial information for the preparation of financial statements.