Post Utme Unilag 2019 Commerce Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Unilag Commerce examination.

Post Utme Unilag 2019 Commerce Objective / Multiple Choice

Question 27 POST_UTME_UNILAG • 2019 • COMMERCE • objective

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

A. The company's shares can be transferred freely.

B. The company's shares can be transferred only with the consent of the shareholders.

Correct Answer C. The company's shares can be transferred only with the consent of the board of directors.

D. The company's shares cannot be transferred.

Correct Answer

Correct Option:

The company's shares can be transferred only with the consent of the board of directors.

This is Post Utme Unilag 2019 Commerce Question 27. It is one of the objective questions from the 2019 Post Utme Unilag Commerce examination.

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