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GCE Commerce 1990 Question 59

Question 59

Business Units

A memorandum of association is a document

  1. A.Inviting the public to buy a company's shares
  2. B.governing the affairs of a partnership
  3. C.showing the assets and liabilities of a company at a certain date
  4. D.defining a company's relationship with the public
  5. E.regulating a company's internal affairs
Show the answer and explanation

Answer: D (defining a company's relationship with the public)

Explanation

The memorandum governs the company's dealings with the outside world; the articles regulate its internal affairs.