3. Jim Bobb, Esq. accepted a $90,000 settlement offer on behalf of his client, Betty Lew. The payment is to be split equally by the co-defendants, Dave's Texas Red Hots and Root-Tootin' Root Beer. Jim Bobb's fee agreement entitles his firm to 30% of the settlement, or $27,000. His office receives a $45,000 check from Dave's Texas Red Hots and promptly deposits it into his Client Trust Account. He informs Betty Lew of receipt and deposit of the funds, and also informs her of certified confirmation from Root-Tootin' Root Beer that their payment will be delivered within 14 days. Betty Lew demands that Jim Bobb send her the entire amount received from Dave's, and to take his fee from the remaining funds when they arrive from Root Tootin' Root Beer.

Of the following actions, which could Jim Bobb properly undertake?

1. Send Betty Lew the demanded $45,000.

2. Send Betty Lew $31,500 and hold $13,500 in the Client's Trust Account

3. Send Betty Lew $31,500 and transfer $13,500 to his personal account.

1. 1, only

2. 1 and 2, but not 3

3.1 and 3, but not 2

4.1, 2 and 3

3. Jim Bobb, Esq. accepted a $90,000 settlement offer on behalf of his client, Betty Lew. The payment is to be split equally by the co-defendants, Dave's Texas Red Hots and Root-Tootin' Root Beer. Jim Bobb's fee agreement entitles his firm to 30% of the settlement, or $27,000. His office receives a $45,000 check from Dave's Texas Red Hots and promptly deposits it into his Client Trust Account. He informs Betty Lew of receipt and deposit of the funds, and also informs her of certified confirmation from Root-Tootin' Root Beer that their payment will be delivered within 14 days. Betty Lew demands that Jim Bobb send her the entire amount received from Dave's, and to take his fee from the remaining funds when they arrive from Root Tootin' Root Beer. Of the following actions, which could Jim Bobb properly undertake? 1. Send Betty Lew the demanded $45,000. 2. Send Betty Lew $31,500 and hold $13,500 in the Client's Trust Account 3. Send Betty Lew $31,500 and transfer $13,500 to his personal account. 1,1 , only 2. 1 and 2 , but not 3 3. 1 and 3 , but not 2 4. 1, 2 and 3