Commerce WAEC

A memorandum of association is a document?

A. defining a company’s relationship with the public
B. inviting the public to buy a company’s shares
C. governing the affairs of the partnership
D. regulating a company’s internal affairs

Correct Answer: Option A

A. defining a company’s relationship with the public

Explanation

A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders. (public)

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