Post Utme Aaua 2019 Commerce Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Aaua Commerce examination.

Post Utme Aaua 2019 Commerce Objective / Multiple Choice
Question 26 POST_UTME_AAUA • 2019 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner may be held personally liable for the business's debts. What is the name of this type of liability?

Answer Options

A. Joint Liability
B. Several Liability
Correct Answer C. Unlimited Liability
D. Limited Liability
Correct Answer
C
Correct Option:
Unlimited Liability

About This Question

This is Post Utme Aaua 2019 Commerce Question 26. It is one of the objective questions from the 2019 Post Utme Aaua Commerce examination.

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