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.