Post Utme Futo 2019 Commerce Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Futo Commerce examination.

Post Utme Futo 2019 Commerce Objective / Multiple Choice

Question 30 POST_UTME_FUTO • 2019 • COMMERCE • objective

A sole trader's business is registered as a company. Which of the following is the most likely legal consequence?

A. The sole trader will be held personally liable for the company's debts.

Correct Answer B. The sole trader will be exempt from liability due to limited liability.

C. The company will be liable for the sole trader's personal debts.

D. The company will be exempt from liability due to the sole trader's registration.

Correct Answer

Correct Option:

The sole trader will be exempt from liability due to limited liability.

This is Post Utme Futo 2019 Commerce Question 30. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.

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