WAEC Commerce 2017 Objective — Question 3
Question 3 of 50 from the West African Examinations Council (WAEC) Commerce 2017 Objective paper, with the correct answer and a full explanation.
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3. A business which becomes insolvent may result in
- A. A. continuity
- B. B. expansion
- C. C. liquidationCorrect
- D. D. re-incorporation
Explanation
When a business become insolvent, such business can be liquidated by a liquidator on the order of court or as may be appropriate.
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