Post Utme Crawford University 2025 Commerce Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2025 Commerce Objective / Multiple Choice
Question 12 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • COMMERCE • objective

A company's memorandum of association states that the company's business is to manufacture and sell electrical appliances. However, the company has recently started selling electronic gadgets. Which of the following is a consequence of this?

Answer Options

A. The company's memorandum of association needs to be amended.
Correct Answer B. The company's business is not in compliance with the Companies and Allied Matters Act (CAMA).
C. The company's directors are personally liable for any losses incurred.
D. The company's shareholders are entitled to a refund of their investment.
Correct Answer
B
Correct Option:
The company's business is not in compliance with the Companies and Allied Matters Act (CAMA).

About This Question

This is Post Utme Crawford University 2025 Commerce Question 12. It is one of the objective questions from the 2025 Post Utme Crawford University Commerce examination.

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