________ may replace the operating management with a selected creditor.
A) A composition
B) A creditor control agreement
C) An extension
D) A liquidation

Question

Quizplus · Accepted Answer

A creditor control agreement allows a selected creditor to take over the management of a company's operations, replacing the current management. A composition and an extension are both possible options for addressing a company's financial difficulties, but they do not involve replacing management. Liquidation is the process of selling off a company's assets to pay off its debts, and does not involve operating management.

________ May Replace the Operating Management with a Selected Creditor