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Charlie Sheen has loaned $12 million to the Rum and Joints Corporation (RumCo), a BC corporation. Charlie believes that RumCo is badly run and the

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Charlie Sheen has loaned $12 million to the Rum and Joints Corporation (RumCo), a BC corporation. Charlie believes that RumCo is badly run and the corporation is now behind in its loan payments to him. He fears that if he allows the current situation to continue, there will be no hope for recovering his loan to RumCo. He says that the RumCo clubs are well patronized and the clubs should be doing really well. Explain to Charlie the options which are: (a) Appointment of a receiver (3 marks) (b) Appointment of a receiver manager (3 marks) (c) Appointment of a liquidator

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