Post Utme Pan Atlantic University 2025 Commerce Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2025 Commerce Objective / Multiple Choice
Question 11 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from the owner's personal assets. However, this separation is not absolute. What is the name of the legal doctrine that allows a court to pierce the veil of incorporation and hold the owner personally liable for business debts?

Answer Options

Correct Answer A. Piercing the Veil Doctrine
B. Separate Legal Entity Doctrine
C. Limited Liability Doctrine
D. Corporate Veil Doctrine
Correct Answer
A
Correct Option:
Piercing the Veil Doctrine

About This Question

This is Post Utme Pan Atlantic University 2025 Commerce Question 11. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support