Question 3 Go online and using your Legal Links, find the Canada Business Corporations Act. The Act specifies Not yet the capacity of a corporation as follows: answered Marked out of Select one: 1.00 O a. A corporation has the capacity, and, subject to this Act, the rights, powers and privileges of a legal P Flag person. question O b. A corporation has the capacity, and, subject to this Act, the rights, powers and privileges of a Canadian person. O C. A corporation has the capacity, and, subject to this Act, the rights, powers and privileges of a non- person. O d. A corporation has the capacity, and, subject to this Act, the rights, powers and privileges of a natural person. Question 4 Wanda is interested in setting up a business in Alberta with her brother. She is considering the Not yet different basic types of business organizations and is concerned about the prospect of personal answered liability related to the business. Over the years, she has worked hard, saved money and acquired Marked out of assets in her own name. As she conducts her research by reviewing her Business Law textbook, she 1.00 determines that one of the following statements is false. Identify the statement that is FALSE: Flag question Select one: O a. The limited personal liability associated with a corporation cannot be lost in a case where a director or shareholder of the corporation signs a personal guarantee of the corporation's debt. O b. If a corporation is set up, the courts can "lift the corporate veil" and hold directors, officers or shareholders of a corporation personally liable where they have acted fraudulently. C. A corporation is a separate legal entity. O d. Incorporation is the most common means of setting up a large business organization