Which of the Following Is True with Regard to the Characteristics

Multiple Choice

Which of the following is true with regard to the characteristics of corporations?

A) The corporation is a separate legal person, but can neither sue nor be sued.
B) Directors are responsible for the shareholders of the corporation.
C) Shareholders are liable for the debts and other obligations of the corporation.
D) A shareholder's liability is limited to the amount he or she paid for the shares.
E) The shareholders would be vicariously liable for any damage caused by an employee of the corporation carrying out his or her duties.