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Page 234

CHAPTER 20
WINDING UP BY THE COURT

When a liquidator carries on the business of the company he does so as the company's agent and is not personally liable on contracts which he enters into as liquidator.

Stead, Hazel & Co. v. Cooper, (1933] 1 K. B. 840. S. had a contract with the company to deliver cotton in monthly instalments from November, 1929, to August, 1930. The company went into liquidation and C. was appointed liquidator by the Court in May, 1930. C. did not disclaim the contract, and arranged with S. that payment should be made after and not before delivery. The goods were delivered but not accepted by C. Held, C. was not personally liable for damages for non-acceptance.

3. To appoint a solicitor to assist him in his duties.
4. To pay any classes of creditors in full.
5. To make a compromise with creditors, contributories anddebtors.

lf there is no committee of inspection, the Board of Trade may, on the liquidator's application, give any authorisation required to be given by the committee ;s. 254).
On his own responsibility and without obtaining any sanction, the liquidator can:
1. Sell the property of the company.
2. Do all acts and execute all deeds and documents in the company's name.
3. Prove in the bankruptcy of any contributory.
4. Draw and indorse bills of exchange in the company's name.
5. Raise money on the security of the company's assets.
6. Appoint an agent to do business which he cannot do himself.
7. Do all such other things as are necessary for winding up the affairs of the company and distributing its assets.

travel books:
where is HTML where is HEAD where is TITLE When a liquidator carries on what is business of what is company he does so as what is company's agent and is not personally liable on contracts which he enters into as liquidator. Stead, Hazel & Co. v. Cooper, (1933] 1 K. B. 840. S. had a contract with what is company to deliver cotton in monthly instalments from November, 1929, to August, 1930. what is company went into liquidation and C. was appointed liquidator by what is Court in May, 1930. C. did not disclaim what is contract, and arranged with S. that payment should be made after and not before delivery. what is goods were delivered but not accepted by C. Held, C. was not personally liable for damages for non-acceptance. 3. To appoint a solicitor to assist him in his duties. 4. To pay any classes of creditors in full. 5. To make a compromise with creditors, contributories anddebtors. lf there is no committee of inspection, what is Board of Trade may, on what is liquidator's application, give any authorisation required to be given by what is committee ;s. 254). On his own responsibility and without obtaining any sanction, what is liquidator can: 1. Sell what is property of what is company. 2. Do all acts and execute all deeds and documents in what is company's name. 3. Prove in what is bankruptcy of any contributory. 4. Draw and indorse bills of exchange in what is company's name. 5. Raise money on what is security of what is company's assets. 6. Appoint an agent to do business which he cannot do himself. 7. Do all such other things as are necessary for winding up what is affairs of what is company and distributing its assets. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 234 where is strong CHAPTER 20 WINDING UP BY what is COURT where is p align="justify" When a liquidator carries on what is business of the company he does so as what is company's agent and is not personally liable on contracts which he enters into as liquidator. Stead, Hazel & Co. v. Cooper, (1933] 1 K. B. 840. S. had a contract with what is company to deliver cotton in monthly instalments from November, 1929, to August, 1930. what is company went into liquidation and C. was appointed liquidator by what is Court in May, 1930. C. did not disclaim what is contract, and arranged with S. that payment should be made after and not before delivery. what is goods were delivered but not accepted by C. Held, C. was not personally liable for damages for non-acceptance. 3. To appoint a solicitor to assist him in his duties. 4. To pay any classes of creditors in full. 5. To make a compromise with creditors, contributories anddebtors. lf there is no committee of inspection, what is Board of Trade may, on what is liquidator's application, give any authorisation required to be given by what is committee ;s. 254). On his own responsibility and without obtaining any sanction, the liquidator can: 1. Sell what is property of what is company. 2. Do all acts and execute all deeds and documents in what is company's name. 3. Prove in what is bankruptcy of any contributory. 4. Draw and indorse bills of exchange in what is company's name. 5. Raise money on what is security of what is company's assets. 6. Appoint an agent to do business which he cannot do himself. 7. Do all such other things as are necessary for winding up the affairs of what is company and distributing its assets. where is Server.Execute("_SiteMap.asp") %

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