12)Compared to a partnership, what are the disadvantages in carrying on business as a sole proprietorship? (6 marks)

13) Mario Black has, along with two others, formed a corporation to market specialized computer software. Each partner initially purchased ten common shares at $10 apiece, giving the corporation $300 in capital. The company requires an additional $25 000 to operate. Describe three different ways the corporation could acquire that $25 000 and give a brief reason why you would recommend or not recommend each of the ways.(6 marks)

14) On 18 December 2019, SNC-Lavalin Construction Inc. pleaded guilty to fraud contrary to section 380(1) a) of the Criminal Code. The company stated that, between 2001 and 2011, over $47.5 million in bribes had been paid to Al-Saadi Gaddafi.

Why do you think that large corporations try to get away with breaches of duties and even Criminal Activity at the level of the directors and controlling shareholders? (6 marks)