JAMB Commerce 2022 Objective — Question 19
Question 19 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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19. The Articles of Association of a limited liability company will contain
- A. (A) Rights and obligations of directorsCorrect
- B. (B) Objectives of the company
- C. (C) Amount of share capital
- D. (D) Limitation of liability of shareholders
Explanation
The Articles of Association dictate how the internal affairs of the company (such as the rights and duties of directors) will be run, while the memorandum of association covers the company's external affairs.
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