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WAEC Commerce 1993 Question 14

Question 14

Business Units

Incorporation simply means the

  1. A.floating of a company
  2. B.reorganization of a company
  3. C.birth of a company
  4. D.registration of the Memorandum of Association
  5. E.appointment of a new Board of Directors.
Show the answer and explanation

Answer: C (birth of a company)

Explanation

On incorporation the Registrar issues a Certificate of Incorporation and the company comes into existence as a legal person.