Post Utme Nile University 2021 Commerce Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Nile University Commerce examination.

Post Utme Nile University 2021 Commerce Objective / Multiple Choice
Question 16 POST_UTME_NILE_UNIVERSITY • 2021 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from the owner's personal assets. However, in the event of a lawsuit, the owner's personal assets may still be at risk. What is the name of this risk?

Answer Options

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

About This Question

This is Post Utme Nile University 2021 Commerce Question 16. It is one of the objective questions from the 2021 Post Utme Nile University Commerce examination.

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