Question No. 5
mortgage assets Rs. 6,00,000 amount of
loan 8,00,000 these creditors will be called as.
Answer
A.
partly secured creditors
B.
fully secured creditors
c. unsecured creditors
D.
preferential creditors
Answers
Answer:
i think B) is corrt answer
Option A is correct i.e. partly secured creditors.
Mostgage assets worth rupees 6,00,000 and the loan is worth rupees 8,00,000 so this is partly secured creditor.
Partly secured creditor are those creditors for which mortgage is less than the value of creditor. For example we have taken loan of 1,00,000 and value of mortgage asset is 40,000. So, this is partly secured creditor.
Fully Secured Creditor are those creditor for whom mortgage is equal to the value of loan or is more than the value of creditor.
Unsecured Creditors are those creditor who are not at all secured by any type of assets.
Preferential Ceditors are those creditors who are paid firstly . For example any kind of government tax is preferential creditor.