What are the similarities between litigation and coming down with the common cold?
A. Both of them cause severe damage to those involved.
B. Neither of them can be eliminated despite good efforts.
C. Both of them are infectious and have a widespread effect.
D. Precautionary measures can be taken against both of them.
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What is a source of substantial attorney-client tension?
A. Clients are well ready to face the risks of a transaction.
B. Attorneys who often warn of the risks are perceived of as a nuisance.
Clients want to achieve deals although they know there are some potential risks.
D. Attorneys tend to accentuate the positive and de-emphasize the negative in a deal.
What kind of transaction presents significant litigation risks?
A. Transactions that involve business rivals competing for the same market segment.
B. Transactions with important terms left ambiguous due to negligence of both parties.
C. Transactions that involve parties with utmost confidence in one another's integrity, thus not making their contract airtight.
D. Transactions undertaken between friendly business associates having long and deep friendly relationship.
What should a counsel keep in mind when the clients are making a transaction?
A. To maximize bottom-line profits at whatever price.
B. To develop stable, last-lasting personal relationships.
C. To achieve personal loyalties for business associations.
D. To maintain a business relationship based on the corporate interests.
Which of the following is NOT the reason for America to be regarded as a highly litigious society?
A. In America, there are roughly three lawyers per thousand people.
B. American corporate culture promotes integrity and righteousness.
C. Americans interpret the ligation as the risks of business relationships.
D. The popular literature depicts the American people as a highly litigious mercenary group.