Multiple choice

To wind up the affairs of a company, the person appointed by the Court is called

  1. executor

  2. liquidator

  3. administrator

  4. assignee
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In law, a liquidator is the officer who is appointed when a company goes into winding-up or liquidation and who has responsibility for collecting in all of the assets of the company and settling all claims against the company, before putting the company into dissolution.

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