Crucial Exams

Multistate Professional Responsibility Exam Practice Question

Attorney Johnson is negotiating on behalf of her client to purchase a small business. During discussions, she informs the seller that her client has immediate access to the necessary funds to complete the purchase. In reality, the client is in the process of securing financing and has not yet confirmed fund availability. Which statement best describes Attorney Johnson's communication?

  • Attorney Johnson has made a misleading statement by asserting the client’s immediate access to funds without confirmation.

  • Attorney Johnson is permitted to provide estimates without verifying their accuracy.

  • Attorney Johnson’s statement is acceptable as long as the client intends to secure the necessary financing.

  • Attorney Johnson can assume the client will secure the funds in time and communicate this expectation.

Multistate Professional Responsibility Exam
Transactions and communications with persons other than clients
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