true or false 1. unsecured credit is credit that does not require any security to protect payment of the debt 2. a principal is a party who employes another person to act on his or her behalf 3. under the theory of respondeat superior principals are liable for negligent conduct of agents acting within the scope of their employment 4. the drawee on a check is always a financial institution 5. in a mortgage the lender is the mortgagor and the borrower is the mortgagee 6. if a buyer breaches the seller has the right to demand return of the goods by the buyer 7. in order to create an express warranty the seller must have intent to create a warranty 8.a New York corporation doing business in Connecticut is considered an alien corporation in Connecticut