Concept:The Memorandum of Association defines the company’s external relationship with outsiders.
Explanation:The Memorandum of Association is a legal document created during company registration.
It states the company’s name, objectives, and registered office.
It also defines the company’s relationship with outsiders, such as creditors and the public.
On the other hand, the Articles of Association contain the internal rules for managing the company.
Therefore, the document that contains the relationship between the company and outsiders is the Memorandum of Association.
Answer:B. memorandum of association