Detailed Answer
(d) The death of one or more of a corporation’s shareholders
does not automatically terminate it. Answer (a) is incorrect
because a corporation continues to exist until it is dissolved,
merged or otherwise terminated. Answer (b) is incorrect because
shares in a corporation, represented by stocks, can be freely
bought, sold, or assigned unless the shareholders have agreed to
restrict this. Answer (c) is incorrect because a corporation is
legally a separate entity apart from its shareholders.