Which of these is the person who liquidates the firm's assets through a private sale or public auction and then distributes any proceeds from the sale to the firms' creditors and stockholders?
A) Assignor
B) Grantor
C) Trustor
D) Trustee

Question

Quizplus · Accepted Answer

A trustee is the person responsible for liquidating a firm's assets and distributing the proceeds to creditors and stockholders, especially in the context of bankruptcy or trust management.

Which of These Is the Person Who Liquidates the Firm's