Which of the Following Distinguishes a Chartered Corporation from a Statutory

Which of the following distinguishes a chartered corporation from a statutory corporation?

A) Chartered corporations have a limited contractual capacity,whereas statutory corporations do not.
B) Statutory corporations are treated the same as individuals of a majority age,whereas chartered corporations are not.
C) Statutory corporations cannot be said to act ultra vires,whereas chartered corporations can.
D) Statutory corporations are indistinguishable from chartered corporations as both have the same legal effect.
E) Chartered corporations are established by corporate law legislation and generally have full capacity so that the rule of ultra vires does not apply to their acts,whereas corporations created by special statute may be subject to the rule of ultra vires.