Question

Jill invests $1,000.00 to buy ten shares of Good Corporation. The corporation goes bankrupt having no assets and $1 million in liabilities. The most Jill can lose is the $1,000.00 she invested. This is an example of the corporate characteristic of: A. Limited liability. B. Free transferability of shares. C. Perpetual existence. D. Centralized management.

Answer 1

A. Limited liability.

Step-by-step explanation:

The limited Liabilities company's protects their members and managers.

It protects their personal assets from the business liabilities.

The laiblities of the business will be settle with the busieness assets. IF there are no more assets, then debts defaults and become uncollectible.