A peron less than 18years has capacity to form a company only if ____________subscribes to the memorandumQuestion 5Answera.One qualified personb.Two infantsc.Two qualified personsd.Two undischarged bankrupts

All but one of the following is not a clause to be found in the memorandum of associationQuestion 10Answera.the restriction clauseb.the status of the companyc.the name claused.the subscription clause

_____and _____ who act in professional capacities in the formation of a company are not deemed to be promotersQuestion 1Answera.Subscribers and Accountantb.Lawyers and Shareholdersc.Accountants & Lawyersd.Manager and Secretarie

Which form of organization requires a minimum of two members and can have a maximum of unlimited members?  A. Partnership  B. Sole proprietorship  C. Limited liability partnership (LLP)  D. Public limited company (PLC)

n a(n) Blank______, the partners share unlimited personal liability for the firm's debts.Multiple choice question.corporationlimited partnershipgeneral partnershipunlimited liability company

The standard acceptable term of a limited liability company (LLC) is Blank______.Multiple choice question.20 years50 years30 years10 years