In relation to company law:（a) explain the meaning of limited liability. （3 marks)（b) Expl

In relation to company law:

(a) explain the meaning of limited liability. (3 marks)

(b) Explain and distinguish between:

(i) unlimited companies; (2 marks)

(ii) companies limited by guarantee; (2 marks)

(iii) companies limited by shares. (3 marks)

请帮忙给出正确答案和分析，谢谢！