The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Question
Chapter 3, Problem 1RE
Summary Introduction
Case summary: The plaintiff RM’s son died by swallowing a toy block with nomade by the defendant company P on which no warning was issued. The plaintiff filed a suit of negligence against the defendant. The defendant applied for summary judgment contending that the hazard was foreseeable.
To Explain: The meaning of the term on contingency fee-basis.
Expert Solution & Answer
Explanation of Solution
The term contingency fee basis means that if the lawsuit succeeds, the attorney will get a fixed percentage of share, which is usually 33%, from the clients' recovery amount. In case, the lawsuit fails the attorney receives no fee, but it will be reimbursed by the client for all out-of-pocket expenses incurred by him.
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Chapter 3 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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