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WAEC Commerce 2008 Question 26

Question 26

Business Units

The document which gives legal authority to a company to operate as a legal entity is

  1. A.Memorandum of Association
  2. B.Article of Association
  3. C.Share Certificate
  4. D.Certificate of Incorporation.
Show the answer and explanation

Answer: D (Certificate of Incorporation.)

Explanation

The certificate of incorporation gives a company legal existence.