The concept of the corporation as a separate legal entity from its owners and operators may be used to effectively limit one's liability. Answer the following questions making reference to sections of appropriate statutes where appropriate, to explain how this can be done: (i) Section of the establishes the corporation as a separate legal entity. (ii) Section of the establishes that shareholders of a company are not liable for its debts and obligations other than to the extent of their investment. (iii) law establishes that a directors and officers of a company will not be held personally liable for its debts and obligations, provided they can avail themselves of the defence. (iv) The law creates the legal fiction of a of protection between the company and its shareholders, directors and officers. (v) In sharp contrast to the limited liability provided by a corporation, sole proprietors face liability and people in partnerships face liability for the debts and obligations of the partnership and and liability for the tortious acts of the business