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.

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

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

Explanation

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

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