Jerry and Four of His Friends Form the Inventor's Club

Multiple Choice

Jerry and four of his friends form the Inventor's Club, a private club that allows inventors to get together and share new ideas.This organization is

A) a chartered corporation, meaning that it shares the same legal rights as someone who has reached the age of majority.
B) an association, meaning that it shares the same legal rights as someone who has reached the age of majority, but still cannot contract.
C) an association, meaning that all contracts will have to be created by Jerry or one of his friends.
D) a chartered corporation, meaning that it must have someone contract for its benefit.
E) a statutory corporation, meaning that it can contract, but has limited contractual capacity.