ON Solicitor Exam Practice Questions - Ontario Solicitor Licensing Examination Exam

Access More Questions

A lawyer acting for both the buyer and the seller on a residential resale in Ontario discovers, mid-transaction, that the seller failed to disclose a known latent defect that materially affects value. The interests of the two clients are now in direct conflict. Under the Rules of Professional Conduct, what must the lawyer do?

Withdraw from acting for both clients on the matter, subject to limited steps to protect confidential information Continue to act for the buyer only, because the buyer retained the lawyer first Disclose the seller's confidential information to the buyer to ensure full and fair disclosure Continue acting for both clients provided both sign a joint-retainer consent at closing

Correct Answer:

Withdraw from acting for both clients on the matter, subject to limited steps to protect confidential information

Access more questions from this quiz

Continue to ON Solicitor Exam Practice Questions - Ontario Solicitor Licensing Examination Exam for more practice questions and the full quiz experience.

Access More Questions