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WAEC Commerce 2014 Question 42

Question 42

Business Units

The issue of Certificate of Incorporation to a company means that it has

  1. A.started production.
  2. B.legally come into being.
  3. C.appointed a board of directors.
  4. D.merged with another company.
Show the answer and explanation

Answer: B (legally come into being.)

Explanation

The certificate of incorporation gives the company legal existence.