Multiple Choice
The process in which a trustee is appointed to sell an individual's assets to repay their debts is called:
A) foreclosure.
B) receivership.
C) liquidation.
D) bankruptcy.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: A retiring partner's liability for debts of
Q5: After a sequestration order has been made
Q6: A Court does not have the power
Q7: Receivership:<br>A)involves winding up a company.<br>B)indicates that the
Q8: Which of the following can be declared
Q10: Before a company can be would up
Q11: A 'bankruptcy notice' is:<br>A)an order of the
Q12: A person who is unable to pay
Q13: When a bankrupt's assets are distributed amongst
Q14: On being made bankrupt, all the bankrupt