Which of the Following Is a Characteristic of a Corporation

Multiple Choice

Which of the following is a characteristic of a corporation?

A) A corporation is owned by stockholders.
B) Lenders of a corporation do not have the right to claim the corporation's assets to satisfy their obligations.
C) All shares of a corporation must be held by a single individual.
D) Each stockholder has the authority to commit the corporation to a binding contract through his actions.