Correct option is C
(1) All bags are purses.
(2) No purse is suitcase.
(3) Some suitcases are containers.

(I) No container is purse. (Not follow, because there is no any direct relation between container and purse.)
(II) Some containers are purses. (Not follow, because there is no any direct relation between container and purse.)
(III) No suitcase is bag. (Follows, as All bags are purses. and No purse is suitcase.)