answer the questions

(10 points) 12) Which of the following are CORRECT? (i) A company is owned by its shareholders and managed by its directors. (ii) A company is entitled to own property in its own name. (iii) If business is carried on through a company limited by shares, the shareholders can never incur personal liability over and above the amount due on their shares even if the veil of incorporation is lifted. A (i) only. and (ii) only. MUD and (iii) only. (ii) and (iii)