Post Utme Futa 2025 Commerce Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Futa Commerce examination.

Post Utme Futa 2025 Commerce Objective / Multiple Choice
Question 26 POST_UTME_FUTA • 2025 • COMMERCE • objective

In a sole trade business, the owner's personal assets are not protected from business debts. What is the name of this legal concept?

Answer Options

A. Limited Liability
Correct Answer B. Unlimited Liability
C. Separate Entity
D. Personal Guarantee
Correct Answer
B
Correct Option:
Unlimited Liability

About This Question

This is Post Utme Futa 2025 Commerce Question 26. It is one of the objective questions from the 2025 Post Utme Futa Commerce examination.

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