'Winding Up' Is a Statutory Process Whereby

Multiple Choice

'Winding up' is a statutory process whereby:

A) a receiver is appointed to manage a business in a way that will enable it to repay the debt owed to the business's creditor by whom they were appointed.
B) an insolvent individual's assets are sold to repay their creditors.
C) an insolvent company's assets are sold to repay the company's creditors.
D) an insolvent business's assets are sold to repay the business' creditors.