One of the implications of the incorporation of a company is that
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option C
Explanation:
Incorporation gives a company a separate legal personality from its members. As a result, the property owned by the company is legally distinct from the personal property of its shareholders or members. The company therefore owns its property in its own name.
Incorporation gives a company a separate legal personality from its members. As a result, the property owned by the company is legally distinct from the personal property of its shareholders or members. The company therefore owns its property in its own name.