Which of the following statements about corporate rights is true?

Corporations possess legal rights similar to individual citizens because they are recognized as separate legal entities. This means that corporations can engage in legal actions, such as entering contracts, suing and being sued, and holding property in their name. The concept of corporate personhood grants corporations certain rights under the law, similar to those enjoyed by individuals. This includes rights like free speech, due process, and the right to equal protection under the law. These rights are established through legal precedents and statutes that aim to ensure that corporations can operate effectively within the legal framework of society.

In contrast, the other options inaccurately portray the extent of corporate rights. Corporations do not have the same voting rights as individuals in the political sense, such as voting in elections, which is what the first option implies. The statement about corporations only being able to sue other corporations is also misleading, as they can sue individuals and other entities as well. Lastly, the statement regarding corporations not having the right to own property is incorrect; in fact, corporations have the right to own, buy, and sell property just like individual citizens.