Question 3 The clients end up operating through a company. In this question, you have to advise on possible misconduct by one of the directors. Question 4 The clients decide that they want to oat the company on the stock exchange to raise funds. That means that they have to operate in the future as a public company. They want advice on some specific obligations they will have in running a public company. PLEASE NOTE that this is not a question about the oat itself or the disclosure obligations involved in a oat. It is a question about operating the public company in the future m the oat. Question 5 The clients report to you that a major customer (which is also a company) has failed to pay its bill. They want to wind up that customer and claim in the liquidation. They seek your advice on certain aspects of this. Question 6 The clients report to you that their own company is in financial difficulties and they are considering borrowing some money. There are two sub-questions you need to address. The first is about the directors' personal exposure to legal risk, and the second is a specific question on an altemative that will avoid that risk