Question

Lily has suffered severe injuries from a car accident. She would like to sue for compensation, but does not have enough funds on hand to retain an attorney on her own. What is the best type of fee arrangement for Lily?a. Hourly fee
b. Contingency fee
c. Fixed fee
d. Administrative fee

Answer 1

Answer:

Contingency fee

Explanation:

The contingency fees are implemented in the works where specific findings are entrusted to the audit team or where a review of evidence that requires results is required. On the other hand, those set by a court or other public authority are not considered.

The contingent fees are calculated on a predetermined basis related to the result of a transaction or to the result of the services provided by the firm or the accounting professional who develops activities as a fiscal reviewer or auditor.