Which of the Following Statements About Corporations Is True

Multiple Choice

Which of the following statements about corporations is true?

A) Individual owners of a corporation are called directors.
B) A corporation may have any number of owners, as long as that number is consistent with the laws of the state of incorporation.
C) A corporation has few of the same rights and duties as an individual.
D) In the event of a lawsuit, an individual owner of a corporation may be held liable for more than his or her current investment.
E) One owner of a corporation could be forced to pay all the corporation's debts if the other owners were unable to pay their "fair" share.