Select the ONE OR MORE responses which ACCURATELY reflect the reasoning and decision in the case below.

In Jones v Lipman [1962] 1 All ER 442

a. As the corporate veil was lifted, both Lipman and his company were bound by the contract to transfer the land to Jones.

b. As the corporate veil was not lifted, only Lipman was bound by his promise to sell the land to Jones, and his company (which now owned that land) could not be forced to transfer that land to Jones.

c. The court did not lift the corporate veil between Lipman and his company.

d. The court lifted the corporate veil because Lipman's company was formed to avoid existing legal obligations owed by Lipman to a third party (Mr Jones).

e. The court lifted the corporate veil because Lipman's company was a holding company.