Corporate stockholders are not responsible for the debts of the corporation. this is most likely an example of

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Social Studies

Conner Benton

6 September, 03:10

Corporate stockholders are not responsible for the debts of the corporation. this is most likely an example of

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Kimberly · Answer 1

I believe this is an example of limited liability.

When it comes to this type of organization, the stockholders are responsible for these debts only to a certain extent - these debts cannot exceed the amount that the stockholder invested in the corporation. Anything above that won't be considered their responsibility.