JAMB Commerce 2011 Objective — Question 27

Question 27 of 49 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2011 Objective paper, with the correct answer and a full explanation.

In the event of voluntary liquidation, the appointment of a liquidator is the responsibility of the A. creditors B. directors C. promoters D. court

A. A. creditors
B. B. directors
C. C. promotersCorrect
D. D. court

Explanation

Promoters of the company are the ones that appoint a liquidator in the case of voluntary liquidation.

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