the growth of business led to the development of a new type of business organization called the corporation…

the growth of business led to the development of a new type of business organization called the corporation. which of the following was a characteristic of a corporation?\n○ each of the companys stockholders was legally responsible if the company went bankrupt.\n○ only the owner of the company was legally responsible if the company went bankrupt.\n○ none of the companys stockholders was legally responsible if the company went bankrupt.\n○ the federal government was legally responsible if the company went bankrupt.

the growth of business led to the development of a new type of business organization called the corporation. which of the following was a characteristic of a corporation?\n○ each of the companys stockholders was legally responsible if the company went bankrupt.\n○ only the owner of the company was legally responsible if the company went bankrupt.\n○ none of the companys stockholders was legally responsible if the company went bankrupt.\n○ the federal government was legally responsible if the company went bankrupt.

Answer

Brief Explanations:

In a corporation, stockholders have limited liability. Their personal assets are generally not at - risk if the corporation goes bankrupt. They are not individually legally responsible for the corporation's debts beyond their investment in the stock.

Answer:

None of the company’s stockholders was legally responsible if the company went bankrupt.