Post Utme Bsu 2021 Commerce Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Bsu Commerce examination.

Post Utme Bsu 2021 Commerce Objective / Multiple Choice
Question 21 POST_UTME_BSU • 2021 • 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

A. Limited liability
Correct Answer B. Unlimited liability
C. Separate legal entity
D. No liability
Correct Answer
B
Correct Option:
Unlimited liability

About This Question

This is Post Utme Bsu 2021 Commerce Question 21. It is one of the objective questions from the 2021 Post Utme Bsu Commerce examination.

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