WAEC Commerce 2007 Question 14

Question 14

Business Units

The various rights attached to different classes of shares are stated in the

  1. A.articles of association
  2. B.memorandum of association
  3. C.balance sheet
  4. D.prospectus.
Show the answer and explanation

Answer: A (articles of association)

Explanation

The articles set out the rights of each class of shares.