Post Utme Greenfield University 2021 Commerce Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2021 Commerce Objective / Multiple Choice
Question 31 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • COMMERCE • objective

In a sole trading business, the owner's personal assets are not protected from business liabilities. What is the legal concept that allows creditors to claim the owner's personal assets?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2021 Commerce Question 31. It is one of the objective questions from the 2021 Post Utme Greenfield University Commerce examination.

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