During the 1850s and 1860s,the governments of Britain and France laid the legal foundations for the modern corporation,which became the most common form of business organization in industrial societies.

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This statement is true. During the 1850s and 1860s, laws were enacted in Britain and France that allowed for the creation of corporations with limited liability, which became the dominant form of business organization in industrialized nations.

During the 1850s and 1860s,the Governments of Britain and France