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In the event of bankruptcy, owners of joint-stock companies lose

Economics
JAMB 2025

In the event of bankruptcy, owners of joint-stock companies lose

  • A. their private properties
  • B. only the capital invested
  • C. only their dividends
  • D. both company and private assets
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Correct Answer: Option B
Explanation

In the event of bankruptcy, owners of joint-stock companies lose only the capital invested. This is because a joint-stock company
is a type of corporation or partnership involving individuals who own shares of stock in the company. These shareholders are only
liable for the company's debts up to the amount of their investment, and their personal assets are protected.


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