Ace the Law Society of Ontario Paralegal Exam 2025 – Unleash Your Legal Superpowers!

Question: 1 / 400

What is the maximum amount of cash that a paralegal can accept from a client?

$5,000.00

$10,000.00

$7,500.00

The correct response is grounded in the regulations established by the Law Society of Ontario regarding the conduct of paralegals. According to these regulations, paralegals are permitted to accept a maximum of $7,500 in cash from a client.

This cap is in place to promote transparency and reduce the risk of money laundering and other financial misconduct. By limiting the amount of cash a paralegal can handle, the Law Society seeks to encourage the use of traceable payment methods, which helps ensure proper documentation of transactions.

Understanding this limit is critical for paralegals, as exceeding it could lead to disciplinary action or issues with compliance. When dealing with client funds, it is essential to follow these regulations closely to maintain professional integrity and adhere to the law.

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