Post Utme Christopher University 2020 Commerce Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2020 Commerce Objective / Multiple Choice
Question 12 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • COMMERCE • objective

A company's memorandum of association outlines its objectives and powers. What are the consequences of a company exceeding its stated objectives?

Answer Options

Correct Answer A. The company may be wound up by the court.
B. The company's directors may be held personally liable.
C. The company's shareholders may sue for damages.
D. The company's Memorandum of Association may be amended.
Correct Answer
A
Correct Option:
The company may be wound up by the court.

About This Question

This is Post Utme Christopher University 2020 Commerce Question 12. It is one of the objective questions from the 2020 Post Utme Christopher University Commerce examination.

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