1.With reference to the concept of 'corporate capacity' select the INCORRECT statement:

a.Corporate capacity is only attained when a company becomes listed on the ASX

b.Corporate capacity was demonstrated in the case of Salomon v Salomon & Co Ltd

c.Corporate capacity creates a legal barrier between the company and its decision makers

d.Corporations Act s 124 gives rise to corporate capacity

e.Corporate capacity is lost when directions/shareholders act fraudulently