Post Utme Uniben 2020 Commerce Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Uniben Commerce examination.

Post Utme Uniben 2020 Commerce Objective / Multiple Choice

Question 10 POST_UTME_UNIBEN • 2020 • 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?

Correct Answer A. The company is not entitled to issue share certificates.

B. The company is not entitled to sue or be sued in its own name.

C. The company is not entitled to limited liability.

D. The company is not entitled to pay taxes.

Correct Answer

Correct Option:

The company is not entitled to issue share certificates.

This is Post Utme Uniben 2020 Commerce Question 10. It is one of the objective questions from the 2020 Post Utme Uniben Commerce examination.

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