1.Chapter 12 bankruptcy sets a $1.5 million debt ceiling. T/F.

2. The accountant-client privilege extends to a court's request for information. T/F

3. ABC Co. promises to pay Sarah $1,000 for the "excellent work she has done in the past." When ABC does not pay, Sarah may sue and collect the $1,000." t/f

4. Jerry's coach, Charles, urges him to pay to attend Charles' summer training camp that will help Jerry become a professional player. Charles has engaged in undue influence. t/f

5. GAAP is created by FASB. t/f

6.Jane may appoint her fifteen year-old nephew to be her agent. t/f

7. Leo offers to sell his ranch to Iris for $500,000 but before Iris accepts, Leo dies. Leo's heir must honor the offer if Iris accepts it. t/f

8. In negotiated rule making the text of the negotiated rule is submitted to the rule making agency. t/f