1. In order to create an agency relationship, there must be a written agreement between the principal and the agent.
True
False
2. Male as well as female employees are eligible to take unpaid leave under the Family and Medical Leave Act.
True
False
3. If you earn $10,000 from a webpage design business that you established as a sole proprietorship, the $10,000 will be taxed as personal income.
True
False
4. If you innocently buy a used textbook that was stolen, you will acquire good title to the book because you bought it in good faith.
True
False
5. If a limited liability company (LLC) chooses to be taxed as a partnership, the LLC members face the same "double taxation" as shareholders in corporations.
True
False