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Limited-Liability Laws of the Nineteenth Century

Question 37

Multiple Choice

Limited-liability laws of the nineteenth century:


A) ensured company control of founders and local directors.
B) impeded industrial growth in manufacturing.
C) ensured that stockholders would lose only the value of their shares in the event of bankruptcy.
D) After 1870 were limited to state and railroad bonds.
E) limited the international diversity of corporate investing.

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