JAMB Commerce 2022 Objective — Question 23

Question 23 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2022 Objective paper, with the correct answer and a full explanation.

23. If a company is voluntarily liquidated, the receiver is appointed by the

A. (A) creditors
B. (B) debtors
C. (C) directorsCorrect
D. (D) shareholders

Explanation

For a company that is voluntarily liquidated, it is the responsibility of the directors of the company to appoint the receiver.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2022 Objective More Commerce past papers