Discuss Limited liability (1)Examine the nature of a company and assess the essential characteristic that companies possess. (2)Define and explain the concept of separate corporate personality/liability. (3)Refer to the decision Salomon v Salomon and Co Ltd (1897) House of Lords. (4)Define and explain the concept of limited liability. (5)Compare and contrast the issue of corporate liability with liability in a partnership. (6)Evaluate and comment on the consequences of this topic for the development of company law. (7)own opinion