passwella.
Menu

WAEC Commerce 2018 Question 4

Question 4

Business Units

A person authorized to sell the property of a company in a winding up is

  1. A.an auctioneer.
  2. B.an agent.
  3. C.a liquidator.
  4. D.a bailee.
Show the answer and explanation

Answer: C (a liquidator.)

Explanation

When a company is wound up, a liquidator is appointed to sell its assets, pay its debts and share what remains among members.