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Question
______ describes the relationship between company and outsiders.
Options
Memorandum of Association.
Articles of Association.
Prospectus
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Solution
Memorandum of Association describes the relationship between the company and outsiders.
Explanation:
The Memorandum of Association is a fundamental document of a company that defines its objectives, powers, and scope of activities. It lays down how the company will interact with the external world, including shareholders, creditors, and the public. It is also known as the company’s charter.
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