Post Utme Coal City University 2025 Commerce Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2025 Commerce Objective / Multiple Choice
Question 30 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner is personally liable for all business debts. What is the name of this type of business liability?

Answer Options

Correct Answer A. Unlimited Liability
B. Limited Liability
C. Joint Liability
D. Partnership Liability
Correct Answer
A
Correct Option:
Unlimited Liability

About This Question

This is Post Utme Coal City University 2025 Commerce Question 30. It is one of the objective questions from the 2025 Post Utme Coal City University Commerce examination.

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