According to Rule 55.1 of the Legal Practice Council, a client shall for the purpose of this investment practice rule include any person on whose behalf a firm invest funds or manages or controls investments, whether or not such person is otherwise a client of the firm concerned.Select one:TrueFalse

According to section 86(2) of the LPA, no legal practitioner referred to in section 84(1) or person employed or supervised by that legal practitioner may receive or hold funds or property belonging to any person unless the legal practitioner concerned is in possession of a Legal Practitioners Fidelity Fund (LPFF) certificate.Select one:True False

As part of the Duties to Clients standard, members and candidates must:A.document client financial constraints after an initial investment action.B.maintain an equal balance of interests owed to their clients and employers.C.deal fairly and objectively with all clients when engaging in professional activities.

Every partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him or her without the consent of the other partners from any transaction connected with the formation, conduct, or liquidation of the partnership or from any use by him or her of its property.Group of answer choicesTrueFalse

Which one of the following options is correct? Interest received on an investment in terms of section 86(3) of the Legal Practice Act, 28 of 2014 accrues to:Select one:a.the attorney’s practiceb.the Law Society of South Africac.the clientd.the Legal Practitioners Fidelity Fund

A Portfolio Manager usually chooses his/her own investment policy and monitors adherence to the policy him/herself.Review LaterTrueFalse