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What is the purpose of By-law 9? 2.(a) What is the general rule with respect to accepting cash from a client? 3 marks (b) In what circumstances does the general rule with respect to accepting cash...

What is the purpose of By-law 9? 
2.(a)  What is the general rule with respect to accepting cash from a client?  3 marks
(b) In what circumstances does the general rule with respect to accepting cash from a     client apply in a paralegal practice?  2 marks
3.Client A retains you to act in a Small Claims Court matter.  You obtain a very good result, and invoice Client A for $9,000.00.  Client A wishes to pay the invoice in cash.  Can you accept payment in cash?  If yes, why?  If no, why not?  Please provide me with a step-by-step analysis, starting with the general rule with respect to accepting cash, its application, whether it does or does not apply in this case, and why it does or does not apply.   5 marks
4.You have a policy in your paralegal firm that clients may pay cash for services up to a maximum amount of $800.00 per client matter.  Client B offers to pay you a money retainer of $500.00 in cash.
(a)What procedure should you follow when accepting the cash?
(b)Client B has advised you that she does not wish to sign anything.  What should you do?
(c)Upon receiving the cash, what should you do with it, and why?  What is the deadline for doing so?
5.What financial institutions may you use for a trust account?   4 marks
6.Give five examples of money that must be deposited to your trust account.  5 marks
7.What are the permitted methods of disbursing money from trust to pay fees and disbursements that have been invoiced?   3 marks
8.What are four books of original entry (journals) that you must maintain pursuant to By-law 9?  4 marks
9.What are four books or records (other than books of original entry) that you must maintain pursuant to By-law 9?  Note:  There may be more than four answers, but you only need to provide four.  4 marks
10.What are six books or records that you must preserve for at least 10 years?  Note:  There may be more than six answers, but you only need to provide six



Oct 07, 2019
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