Which of the following statements is true regarding ownership in a corporation?

The correct response is that ownership in a corporation is completely transferrable. This characteristic is a fundamental aspect of corporate structure and ownership rights. When individuals or entities purchase shares in a corporation, they acquire ownership stakes which they can sell or transfer at any time. This marketability is a key feature that differentiates corporate ownership from other forms of business ownership, such as partnerships or sole proprietorships, where ownership rights can be more restricted.

The transferrability of ownership allows for a dynamic market where shares can be bought and sold, enabling investors to exit or enter positions with relative ease. This liquidity can also enhance the attractiveness of investing in publicly traded corporations, as shareholders can diversify their investment portfolios without facing significant barriers.

This characteristic helps to explain why the options suggesting restrictions on ownership, such as non-transferrability or an inability to sell shares, are not valid in the context of a corporation. Similarly, the notion that ownership could be determined by seniority rather than by shareholdings does not align with the principles of ownership in a corporate environment where ownership is tied to the quantity of shares owned rather than an individual's rank or duration within the company.