Question
John, an authorized user, accounts for all the moneys, including interest, owing to his clients but there is an excess amount. Who does this excess
John, an authorized user, accounts for all the moneys, including interest, owing to his clients but there is an excess amount. Who does this excess belong to?
The excess is forfeited for the benefit of the State
The excess must be paid into the Guardians' Fund
The excess belongs to him and may be withdrawn
It is trust money and must remain in the account.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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