Post Utme Christopher University 2018 Commerce Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2018 Commerce Objective / Multiple Choice
Question 36 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • 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. What is the name of this risk?

Answer Options

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

About This Question

This is Post Utme Christopher University 2018 Commerce Question 36. It is one of the objective questions from the 2018 Post Utme Christopher University Commerce examination.

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