The website has the complete lesson note for all the subjects in secondary school but this piece showcases the SS1 Commerce Lesson Note on Cooperative Society. You can use the website search button to filter out the subject of interest to you.
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Topic: COOPERATIVE SOCIETY
Content:
SUB-TOPIC 1: DEFINITION AND FORMATION OF COOPERATIVE SOCIETY
Cooperative society is a voluntary organization in which individuals, traders and businessmen with common interest pool their resources together to promote the welfare interest of their members. It is controlled by the members.
FORMATION OF A COOPERATIVE SOCIETY
A cooperative society is recognized in law as a legal person. It can own property, enter into contract, as well as sue and can be sued. Therefore a cooperative society must be registered before it begins operation.
SUB-TOPIC 2: CHARACTERISTICS OF COOPERATIVE SOCIETIES
Cooperative Societies have the following characteristics
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