A person authorized to sell the property of a company in a winding up is

Assessment: WAEC SSCE - Commerce - 2018 (Objective) Subject: Commerce

Question 1 Report

A person authorized to sell the property of a company in a winding up is 

Answer Details
In a winding up process of a company, the person who is authorized to sell the company's property is called a liquidator. A liquidator is an individual or a firm appointed by the court or the shareholders of the company to wind up the company's affairs and to sell off its assets to pay off its debts and liabilities. The liquidator is responsible for collecting and realizing the company's assets, settling the company's debts, and distributing the remaining funds among the shareholders. They have the authority to sell off any assets of the company, including land, buildings, machinery, and other assets. An auctioneer is a person who conducts auctions and sells goods or property to the highest bidder. An agent is a person who acts on behalf of another person or organization, and a bailee is a person who is entrusted with the possession of goods for a specific purpose. Therefore, the answer is option C, a liquidator, as they are the person who is authorized to sell the property of a company in a winding up process.

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