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    Record any adjustments required in the trust journal; Post the debit and credit entire from the cash book or journal to the relevant individual trust ledger account 7 Total each ledger account and prepare a listing of these balances, known as a trial balance; Compare the total balance of the trust ledger to the cash book balance
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    Step TWO: VALUES WAYPOINT Identify the Values material to the situation and to us Values would include professional values derived from the written and unwritten professional rules and also the relevant law Professional values: Australian Solicitor's Conduct Rules They include: • the duty to act in the best interests of a client in any matter in which the practitioner represents the client
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    Quiz yourself with questions and answers for Section 5 Unit 3 Exam, so you can be ready for test day Explore quizzes and practice tests created by teachers and students or create one from your course material What happens when two fiduciary duties conflicts? For instance, your clients ask you not to show their property on evenings and
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    The focus is on the Principal and the 3rd party Duty to act with Care and Skill, Duty to Provide Information, Duties of Segregation, Record keeping, and Accounting Duty of Loyalty Conflicts of interest and Confidentiality Conflicts of Interest No self dealing of acts in Agent's best interests when in business with the Principal Does
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    A lawyer shall not counsel a client to engage, or assist a client, in conduct that the lawyer knows is criminal or fraudulent, but a lawyer may discuss the legal consequences of any proposed course of conduct with a client and may counsel or assist a client to make a good faith effort to determine the validity, scope, meaning or application of
  • Ethics lecture notes - LEGAL ETHICS AND THE LAW Lawyering . . . - Studocu
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    One (perhaps unintended) consequence of this test of disqualification is that conflicts can be used as a strategy to prevent lawyers for a potential litigant from acting against a party It is now common practice for major corporations to retain the services of multiple corporate law firms so as to prevent such firms (who commonly represent
  • A Guide to Trust Accounts - Week 4: Trust Accounting In this . . . - Studocu
    (2) If the law practice has a written direction by an appropriate person to deal with general trust money received in the form of cash otherwise than by first depositing it in a general trust account of the practice 4 (c) the money must nevertheless be deposited in a general trust account of the practice under subsection (1); and (d) after it





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