Post Utme Greenfield University 2019 Commerce Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2019 Commerce Objective / Multiple Choice

Question 11 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?

Answer Options

A. The business is not entitled to limited liability.

B. The business is not entitled to issue shares.

Correct Answer C. The business is not entitled to sue or be sued in its own name.

D. The business is not entitled to open a corporate bank account.

Correct Answer

Correct Option:

The business is not entitled to sue or be sued in its own name.

About This Question

This is Post Utme Greenfield University 2019 Commerce Question 11. It is one of the objective questions from the 2019 Post Utme Greenfield University Commerce examination.

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