- 1 Marks
BCL – L1 – SA – Q8 – Alternative Forms and Constitutions
Question
What is a memorandum of association?
A A list of company shareholders
B A document specifying the company’s constitution
C A financial report
D An internal company memo
Answer
B
Explanation:
A memorandum of association is a legal document that specifies a company’s constitution, including its objectives, powers, and scope. It is not a shareholder list (A), financial report (C), or internal memo (D). Option B is correct.
- Tags: Company constitution, Corporate law, Memorandum of Association
- Level: Level 1
- Uploader: Samuel Duah