Post Utme Unilag 2022 Commerce Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Unilag Commerce examination.

Post Utme Unilag 2022 Commerce Objective / Multiple Choice

Question 21 POST_UTME_UNILAG • 2022 • COMMERCE • objective

A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?

A. The sole trader is not liable for any business debts.

B. The sole trader is not entitled to any business benefits.

C. The sole trader is not required to file tax returns.

Correct Answer D. The sole trader is not protected by the Companies and Allied Matters Act (CAMA).

Correct Answer

Correct Option:

The sole trader is not protected by the Companies and Allied Matters Act (CAMA).

This is Post Utme Unilag 2022 Commerce Question 21. It is one of the objective questions from the 2022 Post Utme Unilag Commerce examination.

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