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JAMB Commerce 2007 Question 13

Question 13

Business Units

A Memorandum of Association is applicable to a

  1. A.sole trader
  2. B.joint-stock company
  3. C.partnership
  4. D.public corporation.
Show the answer and explanation

Answer: B (joint-stock company)

Explanation

A Memorandum of Association is filed when registering a joint-stock (limited) company; it sets out its external relations.