Post Utme Elizade University 2018 Commerce Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2018 Commerce Objective / Multiple Choice
Question 11 POST_UTME_ELIZADE_UNIVERSITY • 2018 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are not protected in case of business debts. What is the name of this legal concept?

Answer Options

A. Separate Legal Entity
B. Limited Liability
Correct Answer C. Personal Liability
D. Business Continuity
Correct Answer
C
Correct Option:
Personal Liability

About This Question

This is Post Utme Elizade University 2018 Commerce Question 11. It is one of the objective questions from the 2018 Post Utme Elizade University Commerce examination.

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