Assignment:
Discussion Question 1: Representation Issues
Your firm represents Eric Smith and Karen Jones on different matters. Last week, Mr. Smith calls your office to say he and Ms. Jones will be forming a joint venture and would like a partnership agreement drafted. He wants to make sure he gets the best deal in the partnership.
Based on the above information, analyze whether representation of Mr. Smith or Ms. Jones in this matter would be feasible for your firm. Why or why not? What rules, if any, would provide a paralegal guidance on this matter. Support your answers with reason and examples.
Discussion Question 2: Reservation of Rights Letter
Gloria Chaves is an attorney who provides insurance defense work to clients of Big City Insurance. One of Big City's clients, Bill Markley, was involved in an accident, and he made a claim on his auto insurance policy. Ms. Chaves was assigned the case and began a vigorous defense on behalf of Mr. Markley. Two weeks later, Big City Insurance issued a reservation of rights letter to Bill Markley.
Based on the above information, answer the following questions:
- How does the issuance of the reservation of rights letter affect the duties of Gloria Chaves?
- Are there any ethical considerations Gloria Chaves needs to be aware of due to the issuance of the reservation of rights letter?
Support your answers with reason and example