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The difference between Articles of association and memorandum of Association is that ...

The difference between Articles of association and memorandum of Association is that the latter deals
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A With the Internal working relationship of the company and its members
  • B With the powers and relationships of the company with outsiders
  • C The method of issue, transfer and future of the company's shares
  • D The rights and responsibilities of shareholders
Correct Answer: Option B
Explanation:
Memorandum of Association contains what is generally called the "external" rules of the company. They refer to the objectives of the company and hold it intends to interact with the public.

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