You and two friends - A and B - become shareholders. You are the primary shareholder with 50% of the shares. A and B each have 25% of the shares. You have signing authority over contracts. 6. Suppose A and B want to sell their shares. Who can purchase their shares? ( 2 marks) 7. Suppose B wants to inspect the corporate records. Where would the records be kept? (1 mark) 8. If one buys shares in the corporation, how can this person prove it is a shareholder? ( 2 marks) 9. Who is responsible for declaring dividends? ( 2 marks) 10. Name 3 shareholder rights. ( 3 marks) MEETINGS 11. How many meetings are required for your business on a yearly basis? Which law governs this requirement? (2 marks) 12. What is the term for when people record notes of a meeting? ( 2 marks) 13. Suppose that A wants to raise an issue at the meeting for the menu. Explain the steps that would be taken to formally discuss this issue towards a decision. ( 5 marks)