12.The agent can disclose the identity of the principal to the third party.

True

False

13.When a debtor cannot pay his debts the creditor has legal rights to collect under the law.

True

False

14.Someone who dies without a will is said to have died intestate.

True

False

15.When a landlord rents to a tenant there must be a warranty of habitability. i.e the premises has heat and hot water.

True

False

16.Some exemptions are available to protect the debtor such as clothes, pets and furniture.

True

False

17.The board of directors of a corporation is not responsible for the overall management.

True

False

18.An example of a licensee is one who has permission to be in a movie theater because he has purchased a ticket.

True

False

19.The agent is not under the control of the principal.

True

False

20.A partner's income earned in a partnership is taxed on a personal tax return.

True

False

21.Zoning laws are the managing laws regarding use and development of land. Example: residential use versus commercial use.

True

False