Post Utme Noun 2017 Commerce Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Noun Commerce examination.

Post Utme Noun 2017 Commerce Objective / Multiple Choice
Question 20 POST_UTME_NOUN • 2017 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, the owner is personally liable for all the business's debts and obligations. What is the name of this type of liability?

Answer Options

Correct Answer A. Unlimited liability
B. Limited liability
C. Joint liability
D. Several liability
Correct Answer
A
Correct Option:
Unlimited liability

About This Question

This is Post Utme Noun 2017 Commerce Question 20. It is one of the objective questions from the 2017 Post Utme Noun Commerce examination.

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