Post Utme Ui 2022 Commerce Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Ui Commerce examination.

Post Utme Ui 2022 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UI • 2022 • COMMERCE • objective

In a sole trade business, the owner is personally liable for all debts and obligations. What is the legal term for this type of liability?

Answer Options

Correct Answer A. Unlimited liability
B. Limited liability
C. Joint liability
D. Several liability
Correct Answer
A
Correct Option:
Unlimited liability

About This Question

This is Post Utme Ui 2022 Commerce Question 1. It is one of the objective questions from the 2022 Post Utme Ui Commerce examination.

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