A receiver should be:

Question

Quizplus · Accepted Answer

A receiver is typically appointed by a court or a secured creditor to take control of and protect the assets of a financially troubled corporation. A registered liquidator is a professional who is qualified to take on this role and has the necessary expertise and experience to manage the affairs of the corporation in accordance with the law. Therefore, A is the best choice. B is incorrect as a receiver may not necessarily be a secured party themselves. C and D are also incorrect as they represent conflicts of interest for individuals who already have a relationship with the corporation or a related body corporate.

A Receiver Should Be