Post Utme Wellspring University 2018 Commerce Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2018 Commerce Objective / Multiple Choice
Question 17 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • COMMERCE • objective

A sole trader's business is not a separate legal entity from its owner. What is the implication of this for the sole trader's liability?

Answer Options

A. The sole trader's liability is limited to the business's assets
Correct Answer B. The sole trader's liability is unlimited
C. The sole trader's liability is limited to the business's debts
D. The sole trader's liability is limited to the business's profits
Correct Answer
B
Correct Option:
The sole trader's liability is unlimited

About This Question

This is Post Utme Wellspring University 2018 Commerce Question 17. It is one of the objective questions from the 2018 Post Utme Wellspring University Commerce examination.

View More Post Utme Wellspring University 2018 Commerce Questions More Post Utme Wellspring University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support