If the terms of the sinking fund provision are not met,the ________ may take legal action against the company on behalf of the bondholders.
A)stockholder
B)arbitrator
C)mediator
D)trustee
E)guardian

Question

Quizplus · Accepted Answer

The trustee is the party responsible for taking legal action on behalf of bondholders if the terms of a sinking fund provision are not met, as they act as a representative for the bondholders' interests.

If the Terms of the Sinking Fund Provision Are Not