Warren is interested in setting up a business in Alberta with his sister. He is considering the different basic types of business organizations and is concerned about the prospect of personal liability related to the business. Over the years, he has worked hard, saved money and acquired assets in his own name. As he conducts his research by reviewing his Business Law textbook, he determines that only one of the following statements is true. Identity the statement that is TRUE: Select one O a. The limited personal liability associated with a corporation can, to a large extent, be lost if a director or shareholder of the corporation signs a personal guarantee of the corporation's debt. O b. Incorporation is the least common means of setting up a large business organization O C. The most significant disadvantage of a corporation is limited personal liability. O d. If a corporation is set up, the courts cannot lift the corporate veil" and hold directors, officers or shareholders of a corporation personally liable, even if they have acted fraudulently