Which of the following is correct?

Which of the following is correct?

(i) The provisions of the Memorandum of Association do not form a contract between the members and the company.

(ii) The provisions of the Articles of Association form a contract between the members and the company.

(iii) One member may sue another directly on the provisions in the Articles of Association which contain ordinary membership rights.
A . (i) only
B . (ii) only
C . (i) and (ii) only
D . (ii) and (iii) only

View Answer

Answer: D