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What does limited liability mean in the context of the relationship between the corporation and its creditors? A It means that the corporation's creditors cannot
What does "limited liability" mean in the context of the relationship between the corporation and its creditors?
A It means that the corporation's creditors cannot go after the personal assets of the corporation's owners if the corporation defaults on its debt.
B It means that the corporation's managers cannot go after the personal assets of the corporation's owners if the corporation defaults on its debt.
C It means that corporation's creditors can go after the personal assets of the corporation's owners if the corporation defaults on its debt.
D It means that corporation's managers can go after the personal assets of the corporation's owners if the corporation defaults on its debt.
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