Which of the following appointments normally has power over the company's operations?
I.$\quad$Receiver
II.$\quad$Receiver and Manager
III.$\quad$Liquidator

Question

Quizplus · Accepted Answer

Of the three appointments, only the Receiver and Manager has power over the company's operations. A Receiver appointed under a floating charge only has power over the charged assets, while a Liquidator's authority is limited to winding up the affairs of the company. Therefore, the correct choice is II and III only.

Which of the Following Appointments Normally Has Power Over the Company's