JAMB Commerce 2008 Question 10

Question 10

Business Units

A proposed company may not be registered if

  1. A.the name conflicts with that of another
  2. B.it does not put 'limited' after its proposed name
  3. C.it has no paid-up capital
  4. D.it has no asset of its own.
Show the answer and explanation

Answer: A (the name conflicts with that of another)

Explanation

The Registrar will refuse a name that is the same as, or too like, that of an existing company.