Post Utme Al Hikmah University 2024 Commerce Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2024 Commerce Objective / Multiple Choice

Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

Correct Answer A. Unlimited Liability

B. Limited Liability

C. Joint Liability

D. Single Liability

Correct Answer

Correct Option:

Unlimited Liability

About This Question

This is Post Utme Al Hikmah University 2024 Commerce Question 16. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Commerce examination.

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