Lance Lawyer Is Representing Sally In Connection With The Sale Of Her House Sall

Lance Lawyer is representing Sally in connection with the sale of her house. Sally has received the amount of $50,000 towards the sale price from the buyers of her home. Lance places the money in his client’s trust account at the local bank. Lance ran low on business funds and needs to pay his rent. He knew a client was bringing him a substantial amount of money in 2 days, but he needed $1,000 today. Lance borrowed $1,000 from the client trust account to pay his rent and immediately repaid it in 2 days. Has Lance violated any ethical obligations? If so, what is the likely disciplinary result?

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