Question

Commencement of winding up of a company does not affect the nature of
Select one:
O a. A fixed charge
O b. A floating charge
O c. Both a) ab)
O d. None of the above​

Answer 1

Answer:

C both a and b

hope it helps.... . . .

Answer 2

Commencement of winding up of a company does not affect the nature of C. Both a) and b)

Fixed charge:

A fixed charge is a recurrent and predictable fee that a company incurs.

Floating charge:

A floating charge, sometimes known as a floating lien, is indeed a security interest but rather a lien over a collection of non-constant commodities whose quantity as well as the value may fluctuate.

Commencement of winding up of a company does not affect the nature of Fixed and Floating charge:

• Geoghegan J determined that even in which a floating charge is transformed into a fixed amount prior to the commencement of a winding-up.
• As to if the crystallization process occurs as a legal matter (e.g. due to winding up / meeting of a recipient) or as a consequence of a proposed model in the manage risk permitting crystalline structure.
• E.g. on the provider of a 'crystallization' notice)), preferential lenders still must be compensated in primary consideration to the holder.
• As an effect, serving crystallization notifications in an attempt to raise precedence will not accomplish the desired outcome in the case of preferential creditors.\

Hence commencement of winding up of a company does not affect the nature of both Fixed and Floating charge