When a Business Goes into Receivership

question 48

Multiple Choice

When a business goes into receivership:

• A)All of the assets of the business pass automatically to the receiver.
• B)All the assets of the business are sold and the proceeds of sale are distributed to the creditors.
• C)Control of the business passes temporarily to the receiver.
• D)It is an indication that the business is insolvent.

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Definitions:

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