Concept:During winding up, a special officer manages and sells the company’s property.
Explanation:When a company is wound up, it must stop business and settle its debts.
The person appointed to carry out this process is called a liquidator.
The liquidator collects all company assets, sells the property, and pays creditors.
After all claims are settled, the liquidator dissolves the company.
An auctioneer only conducts sales, an agent acts on instructions, and a bailee holds goods temporarily.
None of these has the full legal authority of a liquidator in winding up.
Answer:C. a liquidator