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Paralegal Cheri Worked on the Defense of Client Joe Thames

question 10

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Paralegal Cheri worked on the defense of Client Joe Thames. As part of that matter, Cheri worked on restructuring Joe's finances, creating trust funds for his children, and moving some of his money to off-shore accounts. When Cheri moved to the Gnew Law Firm, she participated in Gnew's standard conflict check and discovered no potential conflicts. Some months later, Gnew took on a new collection matter from Bank of West Virginia: Bank v. Joe Thames. Cheri has not been assigned to the case and, in fact, doesn't even work on the same floor as the collection team at Gnew. What is Cheri's obligation?


Definitions:

Impediments To Bargaining

Factors that obstruct or hinder the negotiation process between parties, potentially leading to inefficiencies or failure to reach an agreement.

Liability Rules

Legal principles that define the obligations of parties to compensate for damages or losses they have caused.

Compensate

To make amends or give an equivalent to someone for loss, damage, or suffering experienced.

Free-Rider Problem

A situation where individuals consume a good or service without paying for it, especially in the context of public goods.

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