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WAEC Commerce 1994 Question 27

Question 27

Business Units

In which of the following are the objectives of a company stated?

  1. A.Annual Report
  2. B.Articles of Association
  3. C.Certificate of Incorporation
  4. D.Certificate of Trading
  5. E.Memorandum of Association
Show the answer and explanation

Answer: E (Memorandum of Association)

Explanation

The objects clause of the Memorandum of Association states what the company was formed to do.