Percentages Range from 0% to 100% and Can Never Be

question 37

True/False

Percentages range from 0% to 100% and can never be negative.

---

Definitions:

Homestead Exemption

A legal provision that protects a homeowner's primary residence from certain creditors, reducing property taxes.

Bankruptcy

The legal status of a person or entity that cannot repay the debts it owes to creditors, leading to a legal process for debt resolution.

Equity

The value of an owner's interest in a property, calculated as the property's value less any debts or liens against it.

Paralegals

Trained legal assistants who perform various legal tasks and support lawyers in their work, but are not licensed attorneys themselves.