Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of?

By: |Published on: Dec 19|Categories: Commerce JAMB| 0 comments

A. distress
B. closure
C. bankruptcy
D. liquidation

Correct Answer:

Option C – bankruptcy

Users Also Read These:

SEE ALSO  The type of partnership in which all partners are jointly liable in bearing risk is?

Copyright warnings! Do not copy.