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A solo practitioner who does municipal bond work in a single state is nearing retirement age and takes on a young attorney as a partner. Their partnership agreement provides that the solo practitioner will train the young attorney and will receive 75% of the partnership's net earnings during the first three years, and that the young attorney will receive the remaining 25%. The agreement also provides that if the young attorney leaves the partnership before the end of the first three...

MPRE Missed questions - with complete solution 2024

MPRE Missed Questions and answers 100% correct 2023

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MISSED MPRE EXAM QUESTIONS WITH CORRECT ANSWERS 100% 2024

MISSED/TRICKY MPRE QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

May CPA and Lawyer form partnership so long as the CPA does not give legal advice and only does CPA work? - Answer-No. A lawyer shall not form a partnership with a nonlawyer if any of the activities of the partnership consist of the "practice of law." 5.5. A lawyer who does so is assisting another in the unauthorized practice of law and is subject to discipline. 5.5 (a). Even though only the lawyer is doing the legal services, the partnership is providing the legal services (and the accoun...

500 MPRE Practice Questions with Correct Answers 2023 1. Conglomerate Corporation owns a little more than half the stock of Giant Company. Conglomerate's stock, in turn, is public, available on the public stock exchange, as is the remainder of the stock in Giant Company. The president of Conglomerate Corporation has asked Attorney Stevenson to represent Giant Company in a deal by which Giant would make a proposed transfer of certain real property to Conglomerate Corporation. The propert...

500 MPRE Practice Questions with Correct Answers 2023 1. Conglomerate Corporation owns a little more than half the stock of Giant Company. Conglomerate's stock, in turn, is public, available on the public stock exchange, as is the remainder of the stock in Giant Company. The president of Conglomerate Corporation has asked Attorney Stevenson to represent Giant Company in a deal by which Giant would make a proposed transfer of certain real property to Conglomerate Corporation. The propert...