ABSTRACT
Note: The transactions which follow are based on the same scenario.
Case study Your firm, Lee Star & Co, Solicitors in Huntshire, has been instructed to act for a new client, Arthur Pearson. Arthur used to be a journalist working for a national newspaper, but was recently made redundant as a result of the ongoing recession and the introduction of new technology in the newspaper industry. Arthur was earning £15,000 per annum. He was awarded £10,000 by way of a redundancy payment.
