Post Utme Achievers University 2019 Commerce Question 26

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

Post Utme Achievers University 2019 Commerce Objective / Multiple Choice
Question 26 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner's personal assets. However, in the event of a lawsuit, the owner's personal assets can still be at risk if the business is unable to pay its debts. What is the name of this risk?

Answer Options

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

About This Question

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

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