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An Administrator May Be Appointed By

Question 11

Multiple Choice

An administrator may be appointed by:


A) the company's directors, but only when after the company becomes insolvent.
B) the liquidator, but only if the company is solvent.
C) a secured creditor who is entitled to enforce a charge on the whole of the company's property.
D) the company's shareholders as a way to dismiss the managers.

Correct Answer:

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