Post Utme Bowen University 2022 Commerce Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2022 Commerce Objective / Multiple Choice
Question 21 POST_UTME_BOWEN_UNIVERSITY • 2022 • 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 the business incurs debts. What is the name of this type of risk?

Answer Options

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

About This Question

This is Post Utme Bowen University 2022 Commerce Question 21. It is one of the objective questions from the 2022 Post Utme Bowen University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support