State whether the following statements are True or False:i. Memorandu

1.	State whether the following statements are True or False:i. Memorandum need not have a Liability Clause.ii. Articles of Association are subordinate to Memorandum.iii. A memorandum contains rules and regulations for the internal management of a company.iv. Every subscriber who signs the Memorandum must also sign the Articles.v. Entrenched Articles cannot be easily altered.
Answer» i. False ii. True iii. False iv. True v. True

State whether the following statements are True or False:i. Memorandum need not have a Liability Clause.ii. Articles of Association are subordinate to Memorandum.iii. A memorandum contains rules and regulations for the internal management of a company.iv. Every subscriber who signs the Memorandum must also sign the Articles.v. Entrenched Articles cannot be easily altered.

Answer»

i. False

ii. True

iii. False

iv. True

v. True