JAMB - Commerce (2017 - No. 6)
At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________?
an auctioneer
a broker
a liquidator
an auditor
Paliwanag
A liquidator is a person appointed to wind up the affairs of a company or firm. A person assigned to supervise the liquidation of a business concern and whose legal authorization, rights, and duties differ according to whether the liquidation is compulsory or voluntary.