what choice is correct for each one?

Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations. Characteristic Descriptions 1. Legal status 2 Mutual agency 3. Owner authority and control 4 Owner liability Entity with similar rights as individual Stockholders cannot bind corporation to contracts 5 Tax status of income 6. Transferability of ownership Shareholders elect board of directors 7. Ability to raise large capital amounts 8 Duration of life Not liable for corporation actions or debt Taxed a second time on owner's personal return Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations Descriptions Characteristic 1. Legal status 2 Mutual agency 3 Owner authority and control 4 Owner liability Not liable for corporation actions or debt Taxed a second time on owner's personal return 5 Tax status of income Easily bought and sold 6 Transferability of ownership 7 Ability to raise large capital amounts High ability 8 Duration of life Unlimited