Post Utme Christopher University 2020 Commerce Question 36

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

Post Utme Christopher University 2020 Commerce Objective / Multiple Choice
Question 36 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • 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 legal concept?

Answer Options

Correct Answer A. Piercing the Corporate Veil
B. Limited Liability
C. Separate Legal Entity
D. Joint and Several Liability
Correct Answer
A
Correct Option:
Piercing the Corporate Veil

About This Question

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

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