Olivia owns an unincorporated business. This arrangement, under law, makes her personally responsible for her business's debts. To protect some of her assets, she invests in a segregated fund. She makes this investment at the beginning of the year. Before the year is up, her business declares bankruptcy. The business has outstanding debts of $200,000. The market value of all the company's assets is only $100,000. Her personal assets outside of the segregated fund are worth virtually nothing. Which of the following is false ? I. She will only be required to pay $100,000 of her company's debts, since the amount inside her segregated funded is shielded from bankruptcy proceedings. II. Declaring bankruptcy less than one year after her investment in a segregated fund would not appear suspicious. III. The protection of her assets in the segregated fund may be subject to a court challenge. IV. Assuris will cover asy losses she suffers. a) I and II only b) |l and II only c) III only d) I, II, and IV only