Which of the following is true of a joint stock company?
A)It is a mixture of a corporation and a partnership.
B)It is a mixture of a corporation and a joint venture.
C)It is a mixture of a partnership and a sole proprietorship.
D)It is a mixture of a limited liability company and a sole proprietorship.
E)It is a mixture of a limited liability company and a joint venture.

Question

Quizplus · Accepted Answer

A joint stock company is a mixture of a corporation and a partnership.As with the corporation,the members who hold shares of stock own the joint stock company.As with the partnership,the shareholders have personal liability,and in most cases the company is not a separate legal entity.

Which of the Following Is True of a Joint Stock