Post Utme Crawford University 2022 Commerce Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2022 Commerce Objective / Multiple Choice
Question 26 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are still at risk in case of business debts. What is the name of this type of risk?

Answer Options

Correct Answer A. Unlimited liability
B. Limited liability
C. Personal liability
D. Business liability
Correct Answer
A
Correct Option:
Unlimited liability

About This Question

This is Post Utme Crawford University 2022 Commerce Question 26. It is one of the objective questions from the 2022 Post Utme Crawford University Commerce examination.

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