Commerce WAEC

The difference between Articles of association and memorandum of Association is that the latter deals?

A. with the Internal working relationship of the company and its members
B. with the powers and relationships of the company with outsiders
C. The method of issue, transfer and future of the company’s shares
D. The rights and responsibilities of shareholders

Correct Answer: Option B

B. with the powers and relationships of the company with outsiders

Explanation

Memorandum of Association contains what is generally called the “external” rules of the company. They refer to the objectives of the company and hold it intends to interact with the public.

Sunday

Share
Published by
Sunday
Tags: Commerce

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

4 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

4 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

4 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

4 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

4 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

4 months ago