Post Utme Skyline University 2020 Commerce Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2020 Commerce Objective / Multiple Choice
Question 11 POST_UTME_SKYLINE_UNIVERSITY • 2020 • 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 still be at risk. Which of the following best describes this situation?

Answer Options

A. Separate legal entity with no personal liability
Correct Answer B. Separate legal entity with personal liability
C. No separate legal entity with personal liability
D. No separate legal entity with no personal liability
Correct Answer
B
Correct Option:
Separate legal entity with personal liability

About This Question

This is Post Utme Skyline University 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Skyline University Commerce examination.

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