you just need the right tools and the spare tire.
Above the spare tire.
The spare is under the car, in the rear held by a hanger assembly. Same as a lot of trucks. (it could have been removed look for the bracket).
Where is the spare tire located on a 1987 Corvette? Under the back of the car below the CORVETTE, use the lug wrench to lower it the jack is on top of the tire.
On the C5 Corvette, there is no spare tire. The closest you can get to a spare tire is on the C5 Z06 models. They had an option that included a 12-volt air pump and a can of Fix-A-Flat.
The battery is located in the trunk of the car next to the spare tire
No they do not have a spare. They come standard with Goodyear run flat tires.
in the rear of the car underneith
P155/80D16 or T155/80D16 Source is the Chevrolet Corvette Servic Manual
it locks the spare tire from being stolen
how does bracket go on chain?
It is not illegal. Some cars do not have spare tires nor a place to store a spare. Example would be a new Corvette.
Five counting the steering wheel, no spare