Distinguish between Incorporated and unincorporated associations.

      

Distinguish between Incorporated and unincorporated associations.

  

Answers


Maurice
(a) Incorporated association is an association of persons recognized as a legal entity.

Unincorporated associations are associations of persons who come together to promote a common and lawful
purpose.

(b) An incorporated association has an independent legal personality with
rights and subject to obligations.

Unincorporated associations, property if any is jointly owned or held in trust for all members.

(c) An incorporated associations may be brought into existence by registration, registration or by statute.

Unincorporated associations have no legal existence of their own.

(d) An incorporated association is a legal personality.

For unincorporated associations, members are liable for debts and other obligations of the association.




maurice.mutuku answered the question on April 27, 2018 at 07:55


Next: Conflicts are part and parcel of an ideal society.Illustrate cases of conflict in the novel Blossoms of Savannah by H.R Ole Kulet.
Previous: Citing decided cases, explain the doctrine of “Ultra vires.”

View More CPA Commercial Law Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions