JAMB - Commerce (2023 - No. 30)

At the collapse of a business enterprises, the person appointed to dispose off the assets is called
an auctioneer
an auditor
a broker
a liquidator

Explanation

A liquidator is a person with the legal authority to act on behalf of a company to sell the company's assets before the company closes in order to generate cash for a variety of reasons including debt repayment.

Comments (0)

Advertisement