Post Utme Bells University 2025 Commerce Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Bells University Commerce examination.

Post Utme Bells University 2025 Commerce Objective / Multiple Choice
Question 34 POST_UTME_BELLS_UNIVERSITY • 2025 • 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. Which of the following best describes this situation?

Answer Options

Correct Answer A. Separate legal entity with unlimited personal liability
B. Separate legal entity with limited personal liability
C. No separate legal entity with unlimited personal liability
D. No separate legal entity with limited personal liability
Correct Answer
A
Correct Option:
Separate legal entity with unlimited personal liability

About This Question

This is Post Utme Bells University 2025 Commerce Question 34. It is one of the objective questions from the 2025 Post Utme Bells University Commerce examination.

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