Post Utme Lead City University 2023 Commerce Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2023 Commerce Objective / Multiple Choice
Question 2 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • COMMERCE • objective

A company's articles of association specify that the company's shares can be transferred only with the consent of the board of directors. What is the effect of this provision?

Answer Options

A. The company's shares are considered to be freely transferable.
Correct Answer B. The company's shares are subject to a restriction on transfer.
C. The company's shares are not affected by the provision.
D. The company's shares are automatically transferred to the board of directors.
Correct Answer
B
Correct Option:
The company's shares are subject to a restriction on transfer.

About This Question

This is Post Utme Lead City University 2023 Commerce Question 2. It is one of the objective questions from the 2023 Post Utme Lead City University Commerce examination.

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