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See model answer βA solicitor holds Β£25,000 in client account for Client A. The solicitor mistakenly uses Β£5,000 of Client A's money to pay a disbursement on behalf of Client B. The solicitor discovers the error the following day. What must the solicitor do?
A) Replace the money from the business account immediately and report the breach to the SRA
B) Transfer Β£5,000 from Client B's ledger to Client A's ledger and take no further action
C) Replace the shortage immediately from the solicitor's own funds or business account
D) Wait until Client B provides funds and then transfer the money back to Client A's ledger