Post Utme Lautech 2021 Commerce Question 31

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

Post Utme Lautech 2021 Commerce Objective / Multiple Choice
Question 31 POST_UTME_LAUTECH • 2021 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner's personal assets are not protected from business liabilities. What is the name of this legal concept?

Answer Options

A. Separate Legal Entity
B. Limited Liability
Correct Answer C. Personal Liability
D. Business Continuity
Correct Answer
C
Correct Option:
Personal Liability

About This Question

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

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