Which of the following statements are true regarding corporations?

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$?$ Stockholders are expected to hire and fire key executives.

Owners are personally liable for corporate debts.

$?$ It has many of the same rights as an individual.

$(3)$ The president and vice presidents choose the board of directors.

The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors.

$?$ Shareholders are not personally liable for corporate acts.

$2$ Stockholders do not have the power to bind the corporation to contracts.