Post Utme Skyline University 2020 Commerce Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2020 Commerce Objective / Multiple Choice
Question 1 POST_UTME_SKYLINE_UNIVERSITY • 2020 • 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 sole trader's personal liability.

Answer Options

A. The sole trader's personal liability is completely eliminated.
Correct Answer B. The sole trader's personal liability is reduced, but not eliminated.
C. The sole trader's personal liability is increased.
D. The sole trader's personal liability remains unchanged.
Correct Answer
B
Correct Option:
The sole trader's personal liability is reduced, but not eliminated.

About This Question

This is Post Utme Skyline University 2020 Commerce Question 1. It is one of the objective questions from the 2020 Post Utme Skyline University Commerce examination.

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