Legacy Law Offices Associate Interview Questions and Answers

Q1. Why do you want to switch.
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Q2. What all types of transactions have you worked on.
Ans. 
I have worked on various types of transactions including mergers and acquisitions, IPOs, debt financings, and private equity investments.
• Mergers and acquisitions

• Initial public offerings (IPOs)

• Debt financings

• Private equity investments
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Q1. Technical questions in relation to the team you are going to be part of.
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Q1. More of a personality assessment, general questions on goals, etc
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Q1. Enforcement of Equitable Mortgage and Registered Mortgage
Ans. 
Enforcement of Equitable Mortgage and Registered Mortgage involves different legal processes and remedies.
• Equitable mortgage is created by deposit of title deeds while registered mortgage is created by registration with the land registry.

• Enforcement of equitable mortgage involves filing a suit for foreclosure or sale of the property.

• Enforcement of registered mortgage involves initiating foreclosure proceedings through ...read more
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Q2. Types of mortgage
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There are various types of mortgages, including fixed-rate, adjustable-rate, FHA, VA, and jumbo loans.
• Fixed-rate mortgages have a set interest rate for the entire term of the loan.

• Adjustable-rate mortgages have an interest rate that can change periodically.

• FHA loans are insured by the Federal Housing Administration and often require a lower down payment.

• VA loans are guaranteed by the Department of Veterans Affairs and ...read more
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Q1. WHY DID YOU CHOOSE LAW?
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Q2. EVERYTHING FROM THE CV
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Q1. Why do you want to join KCO
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Q1. What is difference between warranty and rep
Ans. 
A warranty is a guarantee provided by a seller to a buyer regarding the quality and performance of a product, while a rep is a representation or statement made by a seller about a product or service.
• Warranty is a legally binding promise, while a rep is a statement of fact or opinion.

• Warranty provides assurance of product quality and performance, while a rep provides information about the product.

• Warranty is typically w...read more
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Drafting of contract clauses and emails.

Q1. The questions were based on the niche I was applying for in the firm
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Q2. What is the impact of Supreme Court's decision on documentation required before deduction could be allowed for write-off of debts?
Ans. 
Supreme Court's decision on documentation for debt write-off impacts deduction eligibility.
• Supreme Court's decision requires documentation to prove debt write-off eligibility for deduction.

• Lack of proper documentation may result in disqualification for deduction.

• This decision aims to prevent fraudulent claims for debt write-off deductions.

• Examples of required documentation include loan agreements, repayment schedules, ...read more
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Q1. What has been the most interesting task in your internship till date?
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Q2. I had to explain the task I worked on and my experience throughout the same.
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