In this circuit, it looks like current passes through the load in both the ON and OFF positions. Assuming an N-channel enhancement mode FET:
When switch is closed with application of Vg > Von to gate, FET does not have opportunity to conduct do to exponential characteristic of diode limiting drop to ground to approximately 0.7v, so current through load is [12-Vdiode)]/Rload.
When switch is open with application of Vg < Von to gate, FET is off, and current through load is [12-Vdiode]/Rload.
Assuming NPN BJT insted of NFET, you would also have to limit current through the base-emiitter diode.
Depending on your load, which probably has relatively high resistance, I don't see what a FET with a low Rds(On) wouldn't work.
When the fet is on, the diode is back-biased and out of the circuit. The fet saturates as well as it can, so current is (12-Vsat)/Rload or maybe 12/(Rload+Rdson).
No, the current is (7-Vdiode) / Rload
The 5 volt supply does need to be able to sink Iload.
I thought the same thing until I noticed that the OP has a GND separating the 5-volt branch from the rest of the circuit, which if meant to be present, would make that part of circuit irrelevant, hence chance for misinterpretation.
I guess it would help to know whether the GND was meant to be there or not.
Or an arabic engineer, with signals flowing from right to left!
I like to draw with positive supplies high on the page, and current flowing down. That places PNP emitters up and NPN emitters down. Signals flow to the right, feedback to the left.
An n-channel enhancement-mode FET pesents a conducting path when a positive voltage is applied to its base and presents an open circuit when the applied voltage is zero.
A p-channel depletion-mode FET presents an open circuit when a positive volage is applied to its base and presents a conducting path when the applied voltage is zero.
Take these two devices, tie their drains and together and attach the drains to the oad. Tie their bases together to receive control signal. Tie one source to 5V, the other to GND.
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