1.Legally formed Corporations have the right of perpetual succession (going concern). Which of the following best defines this term?

A.They are artificially created legal persons, and do not "die" until they are ended by winding up. Therefore, a corporation continues despite changes in its membership.

B.They are like partnerships, where any change of partnership will end the partnership unless there is a specific agreement to the contrary

C.An agreement between the Directors and the Officers is the going way in which the corporation actually ends

D.The shareholders alone can end the corporation

E.None of the above