11. Tell me the two primary objectives of bankruptcy law in the US and define the automatic stay.List the types of people or companies who file either Chapter 7, 11 and 13 bankruptcy and what generally happens in each (just one or two words is fine).

12. List the primary steps in a bankruptcy filing and case process.

13. List and describe the duties of an agent and a principal to each other in a typical agency relationship.

Duties of agent to principal

Duties of principal to agent

14. Tell me how an agency relationship can be created, and then define, as it relates to agency relationships, actual authority, apparent authority and implied authority.

15. For the business organizations shown, complete the table.

Characteristic	Sole proprietorship	General Partnership	LLC	Regular corporation
How formed?
Who owns it?
Who is liable for the debts?
How are earnings taxed?
Who manages it?
When will it no longer exist