Post Utme Summit University 2017 Commerce Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Summit University Commerce examination.

Post Utme Summit University 2017 Commerce Objective / Multiple Choice
Question 26 POST_UTME_SUMMIT_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Discuss this statement with reference to the Companies and Allied Matters Act (CAMA) 2020.

Answer Options

A. True, as a sole trader is a legal entity separate from its owner.
Correct Answer B. False, as a sole trader is not a legal entity separate from its owner.
C. It depends on the circumstances.
D. The statement is irrelevant to CAMA 2020.
Correct Answer
B
Correct Option:
False, as a sole trader is not a legal entity separate from its owner.

About This Question

This is Post Utme Summit University 2017 Commerce Question 26. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.

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