Which of the Following Options Would Represent a Valid Retainer?​

question 18

Multiple Choice

Which of the following options would represent a valid retainer?​

• A)​2 to 8 hours of your usual billable rate
• B)​a verbal agreement
• C)complete discussion of an ongoing case
• D)dissemination of evidence

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Definitions:

Market Rate

The prevailing interest rate available in the market for loans or the return on investment securities.

Preferred Shares

Preferred shares are a type of equity security that typically provide dividends and asset liquidation preference over common shares but usually do not carry voting rights.

Common Shares

Equity securities that represent ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.