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QS 11-1 (Algo) Characteristics of corporations LO C1 Which of the following statements are true regarding corporations? Note: You may select more than one answec. 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 incorrect. Owners are personally liable for corporate debs Ir does not end with the death of an owner. It has many of the same rights as an individual. Corporations are often subject to fewer feguiations than partnerships. Stockholdes do not have the power to bind the corporation to contracts. 2. Shareholders are not personsy llable for corporate acts. (7. The president and vice presidents choose the board of directors