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GCE Economics 1990 Question 14

Question 14

Business Organisations

The Joint Stock Company can be a private company whose minimum membership is

  1. A.2
  2. B.5
  3. C.7
  4. D.10
  5. E.20.
Show the answer and explanation

Answer: A (2)

Explanation

Under Nigerian company law a private limited company needs at least 2 members.