Multistate Professional Responsibility Exam Practice Question
A lawyer is hired to collect and distribute funds on behalf of a non-profit organization. To comply with professional responsibility standards, how should the lawyer manage the organization's funds?
Deposit the funds into the lawyer's personal bank account until distribution.
Invest the funds to increase the organization's assets before distribution.
Allow employees of the law firm to handle the funds with appropriate oversight.
Maintain a separate trust account for client funds.
The lawyer should maintain a separate trust account for client funds to ensure proper safekeeping and prevent commingling. Depositing funds into a personal account, allowing others to handle funds even with oversight, or investing client funds without authorization can lead to ethical violations.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
What is a trust account, and why is it required for client funds?
Open an interactive chat with Bash
What is commingling, and why is it considered unethical?
Open an interactive chat with Bash
Are there any specific rules on how lawyers should manage client trust accounts?
Open an interactive chat with Bash
Multistate Professional Responsibility Exam
Safekeeping funds and other property
Your Score:
Report Issue
Bash, the Crucial Exams Chat Bot
AI Bot
Loading...
Loading...
Loading...
Pass with Confidence.
Bar Prep Package
You have hit the limits of our free tier, become a Premium Member today for unlimited access.
Military, Healthcare worker, Gov. employee or Teacher? See if you qualify for a Community Discount.
3 Month Pass
$299.99
$99.99/mo
One time purchase of $299.99, Does not auto-renew.
BEST DEAL
Lifetime Pass
$399.99
One time purchase, Good for life.
What You Get
All Bar Prep Package plans include the following perks and exams .