Post Utme Futo 2025 Commerce Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Futo Commerce examination.

Post Utme Futo 2025 Commerce Objective / Multiple Choice

Question 16 POST_UTME_FUTO • 2025 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, in the event of the owner's death, the business may be affected by the following legal principle:

A. The business is automatically dissolved.

Correct Answer B. The business is transferred to the owner's estate.

C. The business continues to operate as usual.

D. The business is taken over by the owner's spouse.

Correct Answer

Correct Option:

The business is transferred to the owner's estate.

This is Post Utme Futo 2025 Commerce Question 16. It is one of the objective questions from the 2025 Post Utme Futo Commerce examination.

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