Bonus Round

In: Historical Events

Submitted By babykeshy
Words 403
Pages 2
Keshawna Belgraves
Prof Frazer
WOH 2022
17 September 2013
Bonus Round

Joint Stock Company
A joint-stock company is a business which is owned by shareholders. This type of company has access to the liquidity and financial reserves of stock markets, but also has the restrictions of a partnership. Each shareholder owns the portion of the company in proportion to his or her ownership of the company's shares. This makes room for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others. Shareholders are able to pass on their shares to others, such as family members, without any effects to the continued existence of the company.
In modern corporate law, the existence of a joint-stock company is often synonymous with incorporation and limited liability. Limited liability means that the shareholders are only liable for the company's debts to the value of the money they invested in the company. Also, joint stock companies can issue stock and can allow for secondary market trading; however, stockholders are liable for company debts. And as a consequence joint-stock companies are commonly known as corporations or limited companies.

Francis Xavier
Saint Francis Xavier was the greatest Roman Catholic missionary of modern times who was instrumental in the establishment of Christianity in many parts of Asia. Francis Xavier was the first Jesuit missionary. Born in Spain as the son of nobility, he was sent to study theology. He devoted much of his life to missions in Asia, after being requested by King John III of Portugal to travel to Portuguese India, where the king believed that Christian values were eroding among the Portuguese. He baptized some 30,000 people. The areas he evangelized in India remain Catholic to this day. He was also the co-founder of Society of Jesus.

Work Cited: 1. "Joint Stock…...

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