Post Utme Rsu 2024 Commerce Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Rsu Commerce examination.

Post Utme Rsu 2024 Commerce Objective / Multiple Choice
Question 11 POST_UTME_RSU • 2024 • 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 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 Rsu 2024 Commerce Question 11. It is one of the objective questions from the 2024 Post Utme Rsu Commerce examination.

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