1.Which of the following reflects the opinion held by the court with respect to the concerns of creditors in the historical case of Salomon v. Salomon Ltd., [1897] A.C. 22 (H.L.)?

a.

Incorporation is undertaken to limit risk of business bankruptcy.

b.

Shareholders are prohibited from becoming highly protected creditors of the company.

c.

The fact that one or several shareholders limit their liability is irrelevant.

d.

Shareholders are totally responsible for their own as well as the entity's obligations.