JAMB Commerce 2013 Objective — Question 21
Question 21 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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Which of the following will NOT be stated in a Memorandum of Association?
- A. Rights of shareholdersCorrect
- B. Object clause
- C. Registered office
- D. Name clause
Explanation
A memorandum of association is a document that specifies the relationship of the business with internal affairs. Rights of shareholders is external to the business and will be disclosed in the articles of association.
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