Law Society of Ontario (LSO) Paralegal Practice Exam

Which of the following is a legitimate exception for accepting cash exceeding the maximum limit?

1. For completing court documents

2. From a public body

3. For filing fees

4. For personal expenses

The correct answer is: From a public body

Accepting cash payments exceeding the maximum limit is generally restricted under the Law Society of Ontario's regulations to mitigate the risks associated with money laundering and the handling of cash. However, there are legitimate exceptions to this rule. One such exception is receiving cash payments from a public body. This is because transactions involving public bodies, such as government departments or agencies, often have established protocols and transparency that reduce concerns over the source of funds. Therefore, when cash is received from a public body, it is considered less risky and falls under the exception that allows for accepting amounts that exceed typical cash limits set by the Law Society. In contrast, the other options presented do not qualify under the typical exceptions for heightened cash acceptance; they either relate to personal transactions or routine processes that do not involve a recognized governmental entity.