567. Functions of receiver; appointment of receiver and manager.

567.     Functions of receiver; appointment of receiver and manager.

A receiver's functions are limited to receipt of income and payment of ascertained outgoings1. A receiver has no general powers of management2, but where the mortgage, expressly or by implication, includes a business3, a receiver and manager may be appointed4. It seems that if the business is not included in the security the court has no jurisdiction to appoint a manager5. An appointment of a manager may be made even if this is with a view to the sale of