Which of the following statements is CORRECT? a. A corporation is a legal entity created by a state, and it has a life and existence that is separate from the lives and existence of its owners and managers. b. Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in markets because of the complexity of this form of organization. O c. Although the stockholders of the corporation are insulated by limited legal liability, the legal status of the corporation does not protect the firm's manager same way, i.e., bondholders can sue the firm's managers if the firm defaults on its debt. d. Unlimited liability and limited life are two key advantages of the corporate form over other forms of business organization. e. A hostile takeover is the main method of transferring ownership interest in a corporation