Post Utme Bsu 2020 Commerce Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Bsu Commerce examination.

Post Utme Bsu 2020 Commerce Objective / Multiple Choice

Question 36 POST_UTME_BSU • 2020 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Discuss the implications of this separation on the owner's personal liability.

A. The owner's personal assets are protected from business debts.

Correct Answer B. The owner's personal assets are at risk of being seized to settle business debts.

C. The business is responsible for the owner's personal debts.

D. The owner's personal debts are not affected by the business's financial situation.

Correct Answer

Correct Option:

The owner's personal assets are at risk of being seized to settle business debts.

This is Post Utme Bsu 2020 Commerce Question 36. It is one of the objective questions from the 2020 Post Utme Bsu Commerce examination.

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