Nancie is a shareholder in BlueSky Investments Inc. With respect to BlueSky's obligations, which of the following most likely reflects Nancie's liability?

Question 11 options:

A)

Nancie's liability is dependent on how the obligations were incurred.

B)

Nancie is liable for these obligations unless she has given her personal guarantee.

C)

Nancie's limited liability shield may be negated by her giving a personal guarantee.

D)

As a shareholder, all of Nancie's personal assets will be at risk.