If You Cannot Resolve a Fee Dispute with Your Lawyer

question 37

Multiple Choice

If you cannot resolve a fee dispute with your lawyer, you should

• A) sue your lawyer for non-payment.
• B) make a formal complaint to the bar association.
• C) refuse payment on ethical grounds.
• D) refuse payment on legal grounds.
• E) have your bill reviewed by the appropriate court official.

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Definitions:

Inventory Cost

The total cost incurred to acquire inventory and bring it to its current condition and location, including purchase prices, freight, and handling fees.

Operating Lease

A leasing agreement allowing the lessee to use an asset temporarily without transferring the risks and rewards of ownership.

Sales-Type Lease

A leasing arrangement where the lessor recognizes immediate profit on the leased asset as in a sale, based on the difference between the fair value of the leased asset and its cost or carrying amount.

Direct-Financing Lease

A lease agreement where the lessor effectively finances the asset for the lessee, recognizing interest revenue over the lease term.