(1)  This section applies to a default of a law practice arising from or constituted by an act or omission of an associate of the practice.

(2)  A claim may be made under section 371 (Claims about defaults) by another associate of the law practice, if the associate suffers pecuniary loss because of the default.

(3)  A claim may be made under section 371 by the law practice, if the practice is an incorporated legal practice and it suffers pecuniary loss because of the default.