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dentify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as ncorrect.) ? Shareholders are not personally liable for corporate acts. ? Corporations are often subject to fewer regulations than partnerships. 2 The president and vice presidents choose the board of directors. ? Owners are personally liable for corporate debts. ? Stockhoiders do not have the power to bind the corporation to contracts. 7 The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. 7 it has many of the same rights as an individual