Post Utme Lautech 2019 Commerce Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Lautech Commerce examination.

Post Utme Lautech 2019 Commerce Objective / Multiple Choice
Question 12 POST_UTME_LAUTECH • 2019 • COMMERCE • objective

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

Answer Options

Correct Answer A. The company is not entitled to limited liability.
B. The company is not required to file annual returns.
C. The company is not eligible for tax deductions.
D. The company is not required to have a business name.
Correct Answer
A
Correct Option:
The company is not entitled to limited liability.

About This Question

This is Post Utme Lautech 2019 Commerce Question 12. It is one of the objective questions from the 2019 Post Utme Lautech Commerce examination.

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