law: 151. Rights of bankruptcy trustee.-
  For the purpose of performing his functions under this Chapter, the bankruptcy trustee may, by his official name-
  (a) hold property of every description;
  (b) make contracts;
  (c) sue and be sued;
  (d) enter into engagements in respect of the estate of the bankrupt;
  (e) employ persons to assist him;
  (f) execute any power of attorney, deed or other instrument; and
  (g) do any other act which is necessary or expedient for the purposes of or in connection with the exercise of his rights.