Use the dongle and serial number (same for all users) to activate it. You will be instructed NOT to register it, and can’t.
Run it as with any installer, and you should be on the air with Corel 12. I installed WinRAR (from the WinZIP folks) and there was the installer. RAR file which my file viewer (Free Viewer) did not see. Turned out the program installer is buried in a.
I had used the Corel.exe file visible on the disk directory, and it seemed to install fine, but got the error as you did. They described the install process they used and I knew something was wrong. I couldn’t get it to work until I was clued in by I Laser and Yuusuf. The software kit that came with my K40 had Corel 12 included.