Which of the Following Distinguishes a Chartered Corporation from a Statutory

Multiple Choice

Which of the following distinguishes a chartered corporation from a statutory corporation?

A) Statutory corporations are treated the same as individuals of a majority age whereas chartered corporations are not.
B) Statutory corporations cannot be said to act ultra vires whereas chartered corporations can.
C) Statutory corporations are indistinguishable from chartered corporations as both have the same legal effect.
D) Chartered corporations have a limited contractual capacity whereas statutory corporations do not.
E) none of the above