Post Utme Ims U 2022 Commerce Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Ims U Commerce examination.

Post Utme Ims U 2022 Commerce Objective / Multiple Choice
Question 7 POST_UTME_IMS_U • 2022 • COMMERCE • objective

A company's sole trader is liable for all debts incurred by the business. What is the name of this type of liability?

Answer Options

Correct Answer A. Unlimited liability
B. Limited liability
C. Joint and several liability
D. Personal liability
Correct Answer
A
Correct Option:
Unlimited liability

About This Question

This is Post Utme Ims U 2022 Commerce Question 7. It is one of the objective questions from the 2022 Post Utme Ims U Commerce examination.

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