Multiple choice

________ defines the scope of a company’s activities.

  1. Prospectus

  2. Statutory declaration

  3. Memorandum of Association

  4. Articles of Association

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Memorandum of Association defines the scope of a company’s activities. The main purpose of the memorandum is to limit the scope of activities and powers of the company. Thus, any act outside the memorandum is ultra vires the company.