when it becomes necessary to liquidate a company, the first step to be taken is the appointment of a?
- a receiver
- an auditor
- an account
-
a liquidator
The correct answer is: D
Explanation
In law, a liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets under such circumstances of the company and settling all claims against the company before putting the company into dissolution.