Powers of trustee to deal with property

Subject to this Act, the trustee may do all or any of the following things, (a) sell all or any part of the property of the bankrupt (including the goodwill of the business, if any, and the book debts due or growing due to the bankrupt) by public auction or private contract, with power to transfer the whole thereof to any person or company, or to sell it in parcels; (b) give receipts for any money received by him, which receipts shall effectually discharge the paying the from all responsibility in respect of the application 55 (c) prove, rank, claim and draw a dividend in respect of any debt due to the bankrupt; (d) exercise any powers the capacity to exercise which is vested in the trustee under this Act, and execute any powers of attorney, deeds and other instruments for the purpose of carrying into effect the provisions of this Act.