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 these was a characteristic of a corporation? the federal government was legally responsible if the company went bankrupt. each of the companys stockholders was legally responsible if the company went bankrupt. only the owner of the company was legally responsible if the company went bankrupt. none of the companys stockholders 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 these was a characteristic of a corporation? the federal government was legally responsible if the company went bankrupt. each of the companys stockholders was legally responsible if the company went bankrupt. only the owner of the company was legally responsible if the company went bankrupt. none of the companys stockholders was legally responsible if the company went bankrupt.

Answer

Brief Explanations:

A corporation has limited - liability. Stockholders' liability is limited to their investment in the company. In case of bankruptcy, stockholders are not personally liable for the company's debts beyond their investment.

Answer:

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