QUESTION 12 Which of the following statements is correct I. Corporations are legal entities that can engage in contracts, sue and acquire properties. II. Corporations have a limited life. O I only Oll only O Both I and II ONeither I nor II QUESTION 13 Which of the following statements is correct: 1. Growing perpetuity payments are always the same dollar amount. II. Perpetuity investments offer infinite payments. O I only Oll only O Both I and II ONeither I nor