Post Utme Unn 2021 Commerce Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Unn Commerce examination.

Post Utme Unn 2021 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UNN • 2021 • COMMERCE • objective

In a sole proprietorship, the owner's personal assets are not protected from business liabilities. What is the name of the legal doctrine that allows creditors to seize the owner's personal assets?

Answer Options

Correct Answer A. Piercing the Corporate Veil
B. Limited Liability
C. Separation of Assets
D. Corporate Personhood
Correct Answer
A
Correct Option:
Piercing the Corporate Veil

About This Question

This is Post Utme Unn 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Unn Commerce examination.

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