Question
Lawyer Dhillon, a sole practitioner, has pooled trust account at a chartered bank in B.C. She has repeatedly instructed the bank to debit service charges
Lawyer Dhillon, a sole practitioner, has pooled trust account at a chartered bank in B.C. She has repeatedly instructed the bank to debit service charges against her general account, but the bank persists in debiting the trust account. This causes a problem for her monthly trust reconciliations. Advise Dhillon how she can prevent this problem. Dhillon has trust funds amounting to $5,000 to the credit of two clients who disappeared three years ago. Dhillon has tried to locate them without success. Describe what Dhillon should do regarding the $5,000.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started