Question

Under the corporate form of business organization, a.stockholders wishing to sell their corporate shares must get the approval of other stockholders b.ownership rights are easily transferred c.a stockholder is personally liable for the debts of the corporation d.stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation

Answer 1

Answer:

The correct option is B.

Explanation: A corporate form of business organization is an organization which has an existence that is independent of its owners, meaning that the organization exists separately from its owner(s).

In other words, Corporations are business organizations that have powers and liabilities which are separate and distinct from those of its owners.

Corporate organizations are by far, the easiest to forms of incorporated structures to transfer, whether this is part or the whole company. What this means that a major attribute of a corporate organization is that ownership rights in the corporation can be easily transferred from one person to another, and this can be either a part of the organization, or the whole organization.