Post Utme Caleb University 2020 Commerce Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2020 Commerce Objective / Multiple Choice

Question 16 POST_UTME_CALEB_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?

Answer Options

A. The business is not entitled to limited liability.

B. The business is not entitled to issue shares.

Correct Answer C. The business is not entitled to sue or be sued in its own name.

D. The business is not entitled to pay taxes.

Correct Answer

Correct Option:

The business is not entitled to sue or be sued in its own name.

About This Question

This is Post Utme Caleb University 2020 Commerce Question 16. It is one of the objective questions from the 2020 Post Utme Caleb University Commerce examination.

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