Post Utme Bowen University 2020 Commerce Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2020 Commerce Objective / Multiple Choice
Question 6 POST_UTME_BOWEN_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are still at risk in case of business debts. What is the name of this type of risk?

Answer Options

Correct Answer A. Unlimited liability
B. Limited liability
C. Joint and several liability
D. Personal liability
Correct Answer
A
Correct Option:
Unlimited liability

About This Question

This is Post Utme Bowen University 2020 Commerce Question 6. It is one of the objective questions from the 2020 Post Utme Bowen University Commerce examination.

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