James Krieg has finished law school but has unsuccessfully taken the bar exam twice. Krieg is running low on patience and cash. He has begun writing wills to see him through this time of crisis and is charging $200 per will. Some of his will clients have refused to pay Krieg, and he wishes to take them to a small claims court. Which of the following statements is true?
a. Krieg could recover the fees since the licensing after the bar exam is simply to raise funds.
b. Krieg's agreements are void. c. Krieg could recover the fees on a quasi-contract theory.
d. Krieg's agreements are voidable.

B. Krieg's agreements are void

Explanation:

The bar examination, is the examination that is administered by a jurisdiction's bar association that a lawyer needs to pass before being admitted to the bar of that jurisdiction.

It is the Examination that Lawyers need to pass before they can be given license to practice law in a jurisdiction.

Since Kreig is yet to write his Bar Examination successfully, whatever documents he writes and signs as a Lawyer is void, because,he doesn't have the right to practice law in his Jurisdiction yet.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

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