Question: Question 16 What does limited liability mean in the context of the relationship between the corporation and its creditors? 2 pts O It means that

Question 16 What does "limited liability" mean in the context of the relationship between the corporation and its creditors? 2 pts O 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. O 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. O It means that corporation's creditors can go after the personal assets of the corporation's owners if the corporation defaults on its debt. O It means that corporation's managers can go after the personal assets of the corporation's owners if the corporation defaults on its debt.

What does "limited liability" mean in the context of the relationship between the corporation and its creditors? 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. 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. It means that corporation's creditors can go after the personal assets of the corporation's owners if the corpofation defaults on its debt. 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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