Use the information below to answer questions 3 and 4. Aboki Plc, became the insolvent
COMMERCE
JAMB 1999
Use the information below to answer questions 3 and 4. Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution. After paying the debts of aboki Plc, the balance goes to?
- A. Aboki Plc
- B. Babalawee
- C. shareholders
- D. creditors
Correct Answer: C. shareholders
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