Question: For the Unit 5 assignment, write a three (3) page long memo that explains the plan for this office based on the laws in Tennessee:

For the Unit 5 assignment, write a three (3) page long memo that explains the plan for this office based on the laws in Tennessee: (a) You are an administrator for a large firm. The managing partner wants to start charging interest on all past-due accounts. He has asked you to research the applicable laws in Tennessee concerning the charging and collecting interest. He has asked you also to research the ethics opinions of the state bar concerning interest charges. Prepare a report of your findings that describe your firm's obligations and requirements concerning interest. (b) The managing partner has also asked you to contact your state bar association regarding the rules and requirements for trust accounts. Prepare a report about the rules and recommend trust account maintenance procedures.

Include references for a better understanding please.

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