Post Utme Unn 2025 Commerce Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Unn Commerce examination.

Post Utme Unn 2025 Commerce Objective / Multiple Choice
Question 11 POST_UTME_UNN • 2025 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. However, in the event of a lawsuit, the owner's personal assets may be at risk. Which of the following best describes this situation?

Answer Options

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

About This Question

This is Post Utme Unn 2025 Commerce Question 11. It is one of the objective questions from the 2025 Post Utme Unn Commerce examination.

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