Which of the following statements are true regarding corporations?

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check all that apply

• Shareholders are not personally liable for corporate acts.
• Owners are personally liable for corporate debts.
• It has many of the same rights as an individual.
• Stockholders do not have the power to bind the corporation to contracts.
• Corporations are often subject to fewer regulations than partnerships.
• The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors.
• The president and vice presidents choose the board of directors.