Examlex
A bond has a $1,000 par value, makes annual interest payments of $100, has 5 years to maturity, cannot be called, and is not expected to default.The bond should sell at a premium if interest rates are below 10% and at a discount if interest rates are greater than 10%.
Duty of Competence
A professional obligation requiring attorneys to maintain the necessary knowledge and skill to represent a client competently.
Improperly Filed
Improperly Filed describes documents or legal filings that have been submitted incorrectly according to court rules or procedures.
Nonlawyer Assistants
Individuals without a legal degree who assist lawyers in their work, performing tasks like research, paperwork, and client communication under the supervision of a licensed attorney.
Lawyers' Duty
A lawyer's duty includes obligations to represent clients competently, act within the bounds of the law, maintain client confidentiality, and prioritize the client's best interests.
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