Which of the Following Statements Is a Defining Feature of a Corporation

Multiple Choice

Which of the following statements is a defining feature of a corporation?

A) The owners of a corporation face unlimited liability on debts.
B) A corporation owns and operates units only in foreign countries.
C) A corporation is created by a verbal agreement.
D) A corporation that is based on a verbal agreement is also recognized by State law.
E) A corporation has a legal identity that is separate from that of its owners.