Final answer:
If Harry dies, it would not have an immediate effect on Xit Corporation. Stock ownership is transferable, and Harry's shares would become part of his estate.
Step-by-step explanation:
If Harry dies, there will be no immediate effect on Xit Corporation. Stock ownership is transferable, meaning that if Harry were to pass away, his shares of stock would become part of his estate and could be transferred to his heirs or sold to other individuals or entities.
In some cases, the terms of the stock agreement or the company's bylaws may have restrictions on who can own or inherit stock, and there may be a process for the company to repurchase the stock. However, this would be determined by the specific details of Xit Corporation's stock agreements and corporate governance, rather than a general rule.
Therefore, the correct answer is D) A stockholder's death has no effect on a corporation.