Podcast
Questions and Answers
What is the purpose of a legal instrument?
What is the purpose of a legal instrument?
- To serve as a financial document
- To act as a verbal agreement
- To provide a summary of court proceedings
- To formally express a legal act or agreement between parties (correct)
Which clause is essential for the validity of a legal instrument?
Which clause is essential for the validity of a legal instrument?
- Exemption Clause
- Testimonial Clause (correct)
- Witness Clause
- Filing Clause
What is required for a corporation when sealing an instrument?
What is required for a corporation when sealing an instrument?
- Witness signatures only
- An individual seal (correct)
- No special requirements
- Approval from shareholders
What does an acknowledgment represent in relation to a legal instrument?
What does an acknowledgment represent in relation to a legal instrument?
Which of the following is NOT a form of acknowledgment?
Which of the following is NOT a form of acknowledgment?
Which type of law involves the state and governs the relationship between individuals?
Which type of law involves the state and governs the relationship between individuals?
What distinguishes substantive law from adjective law?
What distinguishes substantive law from adjective law?
Which of the following is NOT typically found in an ideal law office?
Which of the following is NOT typically found in an ideal law office?
Who in a law office typically does not hold ownership within the firm?
Who in a law office typically does not hold ownership within the firm?
What is a characteristic of a sole proprietorship in the law profession?
What is a characteristic of a sole proprietorship in the law profession?
Flashcards
Legal Instrument
Legal Instrument
A formal document expressing a legal act or agreement, detailing the transfer of rights.
Execution of Instrument
Execution of Instrument
The steps required to make a legal instrument legally valid.
Testimonial Clause
Testimonial Clause
The part of an instrument that includes the signatures of those involved.
Acknowledgement Clause
Acknowledgement Clause
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Sealing of an instrument
Sealing of an instrument
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Public Law
Public Law
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Substantive Law
Substantive Law
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Law Office
Law Office
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Associate Attorney
Associate Attorney
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Sole Proprietorship
Sole Proprietorship
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