Smith, a secured creditor of a debtor corporation, wants to appoint a receiver because the corporation failed to make a loan payment when due. Which of the following must Smith do?

a.Give the corporation reasonable notice before appointing a receiver.

b.Petition the court to force the corporation into bankruptcy proceedings before appointing a receiver.

c.Attempt to resolve the matter through a restructuring under theCompanies' Creditors Arrangement Actbefore appointing a receiver.

d. do all he can to avoid appointing a receiver.

e.First obtain a court order allowing the appointment of a trustee in bankruptcy.