Post Utme Veritas University 2022 Commerce Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2022 Commerce Objective / Multiple Choice
Question 26 POST_UTME_VERITAS_UNIVERSITY • 2022 • 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. What is the name of the legal doctrine that protects the owner's personal assets?

Answer Options

A. Separate Legal Entity
B. Limited Liability
C. Personal Liability
Correct Answer D. Corporate Veil
Correct Answer
D
Correct Option:
Corporate Veil

About This Question

This is Post Utme Veritas University 2022 Commerce Question 26. It is one of the objective questions from the 2022 Post Utme Veritas University Commerce examination.

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