Directions: Each of the following statements Is true or false. Indicate your choice by writing in the Answers column T for a true answer or F for a false answer. (2 points for each correct answer) 1. A corporation can own property, enter into contracts, and incur debt in its own name 2. Corporations do less dollar volume of business than sole proprietorships and partnerships combined. Directions: Each of the following statements Is true or false. Indicate your choice by writing in the Answers column T for a true answer or F for a false answer. (2 points for each correct answer) 1. A corporation can own property, enter into contracts, and incur debt in its own name 2. Corporations do less dollar volume of business than sole proprietorships and partnerships combined