Which of the following is true about corporations? a : a stockholder is personally liable for the debts of the corporation. b : stockholders wishing to sell their corporation shares must get the approval of other stockholders. c : stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation. d : the corporation's life is stipulated in its charter.

Option D  

Explanation: In simple words, a charter of corporation refers to the legal document that establishes a corporate entity.  A charter includes all the relevant inflammation that a stakeholder needs regarding a corporation.

A charter depict the name of he corporation, the address of its head office, its business operations and the restricted areas on which it cannot use its capital funds.

Generally corporations have perpetual existence but some corporations are formed specially for some particular projects, thus, charters of such entities also include the time period for which the corporation will remain in existence.  

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