Identify which of the following statements 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.) 7 Stockholders do not have the power to bind the corporation to contracts. 7 Directors oversee its business affairs. 7 Owners have limited liability for corporate debts. ? It does not end with the death of an owner. 7 Owners are personally liable for corporate debts. 7 Generaly there is no double taxation on corporate income that is distributed to owners. ? Stockholders are expected to hire and fire key executives.