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Some attorneys advertise that they will prepare wills for a fixed fee of $500. T

ID: 1161389 • Letter: S

Question

Some attorneys advertise that they will prepare wills for a fixed fee of $500.

This ensures that the attorney will not spend excessive amounts of time and bill the client a high fee for simple work.

This creates an incentive for the attorney to spend less than the optimal amount of time working on the will.

This motivates the attorney to provide high quality services.

Both A and B are true.

A.

This ensures that the attorney will not spend excessive amounts of time and bill the client a high fee for simple work.

B.

This creates an incentive for the attorney to spend less than the optimal amount of time working on the will.

C.

This motivates the attorney to provide high quality services.

D.

Both A and B are true.

Explanation / Answer

Option A

Explanation: This helps cleints in limiting the total expense and helps them avoid an overcharge.

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