When an Administrator Is Appointed to a Company They Must

question 9

Multiple Choice

When an administrator is appointed to a company they must give an opinion as to the best of three options available to creditors. Which of the following is not one of the options available?

• A) To end the voluntary administration and return the company to the director's control.
• B) To end the voluntary administration and appoint a receiver.
• C) To approve a deed of company arrangement through which the company will pay all or part of its debts and then be free of those debts.
• D) To wind up the company and appoint a liquidator.

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Definitions:

Acidic

A description for substances with a pH less than 7, indicating a higher concentration of hydrogen ions (H+) than water.

Hydrogen Ion

A positively charged ion (H+) formed when a hydrogen atom loses its electron.

Bufferin

A brand of aspirin that contains a buffering agent to prevent stomach irritation.

Acetyl Salicylic Acid

A chemical compound better known as aspirin, used as an anti-inflammatory, analgesic, and antipyretic.