A Corporation Possesses All but One of the Following Characteristics

Multiple Choice

A corporation possesses all but one of the following characteristics. Which of the following is NOT a characteristic of a corporation?

A) A corporation is owned by shareholders or stockholders.
B) Corporation ownership is divided into shares.
C) If a corporation cannot pay its debts, lenders can take the owners' personal assets to satisfy the obligations.
D) A corporation is a distinct entity in the eyes of the law.