Correct the underlined word and rewrite the following sentences.

1) Articles of Association states the aims and objectives of the company.
Ans:- Memorandum of Association states the aims and objectives of the company.

2) Prospectus is subordinate to Memorandum of Association.
Ans:- Article of association is subordinate to Memorandum of Association.

3) Prospectus contains liability clause.
Ans:- Memorandum of Association contains liability.