JAMB Commerce 2007 Objective — Question 33

Question 33 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.

A memorandum of Association is applicable to

A. Joint stock companyCorrect
B. public corporation
C. partnership
D. sole trader

Explanation

The memorandum of association discloses a joint stock company's relationship with outsiders and is a requirement for incorporating such a business.

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