According to the online lecture and Overview of the U$.$S$.$ Economy PowerPoint, what does corporate "limited liability" mean?

Multiple Choice

The corporation or business entity can't be sued in court

Individual corporate executives and stockholders can't have their personal assets $($savings$,$ houses, retirement accounts$)$ seized by the courts even if the court finds that the corporation did something wrong.

Banks and other creditors can seize both the corporate and personal assets of the top company executives.

Corporations can no longer be sued for unlimited amounts of money anymore $-$ the current cap is $$10$ million for every guilty judgement