Post Utme Noun 2017 Commerce Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Noun Commerce examination.

Post Utme Noun 2017 Commerce Objective / Multiple Choice
Question 31 POST_UTME_NOUN • 2017 • COMMERCE • objective

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

Answer Options

Correct Answer A. Unlimited Liability
B. Limited Liability
C. Joint Liability
D. Personal Liability
Correct Answer
A
Correct Option:
Unlimited Liability

About This Question

This is Post Utme Noun 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Noun Commerce examination.

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