Which of the Following Is True Regarding Kitty's Statement That

Multiple Choice

Which of the following is true regarding Kitty's statement that she had no personal liability?

A) She was correct.
B) She was correct only if she can establish that she has paid all her business taxes on time.
C) She was correct only if she can establish that she has at least 5 employees.
D) She was incorrect.
E) She was incorrect unless she signed an agreement with a financial institution in order to get a loan for the business and agreed in the document that she would not accept personal liability for any losses.