Post Utme Rsu 2024 Commerce Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Rsu Commerce examination.

Post Utme Rsu 2024 Commerce Objective / Multiple Choice

Question 36 POST_UTME_RSU • 2024 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, this separation is not absolute. Discuss the implications of this separation on the owner's personal liability.

A. The owner's personal assets are completely protected from business debts.

B. The owner's personal assets are partially protected from business debts.

Correct Answer C. The owner's personal assets are completely liable for business debts.

D. The owner's personal assets are not affected by business debts.

Correct Answer

Correct Option:

The owner's personal assets are completely liable for business debts.

This is Post Utme Rsu 2024 Commerce Question 36. It is one of the objective questions from the 2024 Post Utme Rsu Commerce examination.

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