ABC Bhd. has made four secured loans with Company W, Company X, Company Y and Company Z. Two floating charges have been created in favour of Company W and Z and both have been registered. After that, a fixed charge was created in favour of Company Y but it failed to be registered. Another fixed charge has been created later in favour of Company X and it has been registered. Who will be given priority?

Answer rating: 100% (QA)

the priority of the secured loans will be determined based on the type of charg... View the full answer