Post Utme Redeemers University 2019 Commerce Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2019 Commerce Objective / Multiple Choice
Question 11 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Which of the following is a consequence of this separation?

Answer Options

A. The sole trader's business is liable for its owner's debts.
Correct Answer B. The sole trader's business is not liable for its owner's debts.
C. The sole trader's business is a partnership.
D. The sole trader's business is a company.
Correct Answer
B
Correct Option:
The sole trader's business is not liable for its owner's debts.

About This Question

This is Post Utme Redeemers University 2019 Commerce Question 11. It is one of the objective questions from the 2019 Post Utme Redeemers University Commerce examination.

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