In the Case Where Landlords Require Tenants to Pay Security

question 22

Multiple Choice

In the case where landlords require tenants to pay security deposits:

• A)the landlord is the agent and the tenant is the principal
• B)the landlord is the principal and the tenant is the agent
• C)both the landlord and the tenant are agents
• D)both the landlord and the tenant are principals

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Definitions:

Enforceable Property Rights

The legal recognition of an individual's or entity's claims to ownership, which can be defended and upheld in court.

Closer To Extinction

A state or condition where a species is at greater risk of ceasing to exist.

Private Property

The legal right that allows individuals to own, use, and transfer objects, land, and intellectual property.

Resource's Current Price

The current market price at which a specific resource is traded.