Legal Liquidator of Bankrupt Firm
CMAT 2021 · Innovation & Entrepreneurship · Easy · Innovation and Entrepreneurship
Someone legally appointed to sell off the assets of a bankrupt firm is called
- A.
An Auctioneer
- B.
A Liquidator
- C.
A Terminator
- D.
An advocate
Answer
B
Explanation
A liquidator is an officer appointed to liquidate/wind up the affairs of a company and sell off its assets to pay creditors.
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