Post Utme Futa 2023 Commerce Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Futa Commerce examination.

Post Utme Futa 2023 Commerce Objective / Multiple Choice

Question 17 POST_UTME_FUTA • 2023 • COMMERCE • objective

A company's Memorandum and Articles of Association are not filed with the Corporate Affairs Commission (CAC). What is the legal implication of this?

Correct Answer A. The company is not recognized by law.

B. The company's shareholders are not protected.

C. The company's directors are not liable for any business debts.

D. The company's business is not valid.

Correct Answer

Correct Option:

The company is not recognized by law.

This is Post Utme Futa 2023 Commerce Question 17. It is one of the objective questions from the 2023 Post Utme Futa Commerce examination.

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