Which of the following statements best describes the behavior over time of the components of equal mortgage payments?

The proportion of interest expense to the payment of principal remains the same.

Interest expense increases and payment of principal decreases.

Payment of principal increases and interest expense decreases.

Both payment of principal and interest expense decrease.

Under the corporate form of business organization.

a stockholder is personally liable for the debts of the corporation.

stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation.

the corporation's life is assumed to be unlimited unless stipulated in the charter.

stockholders wishing to sell their corporation shares must get the approval of other stockholders.

Under the corporate form of business organization.

a stockholder is personally liable for the debts of the corporation.

stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation.

the corporation's life is assumed to be unlimited unless stipulated in the charter.

stockholders wishing to sell their corporation shares must get the approval of other stockholders.