ALTHOUGH THIS IS A READ ONLY DOCUMENT YOU CAN COPY THIS TABLE INTO A SEPARATE DOCUMENT WHICH YOU THEN EDIT BY FILLING IN THE SPACES IN THE WORKING COLUMNS AS WE PRACTISED IN TUTORIALS. Read the following information then answer the questions which follow. Marco opens a travel agency in a Sydney suburb. The following events occur. Date Event Work columns (not marked) Type of Type of Priority security interest January He borrows $500,000 from ANZ Bank (ANZ) to buy 2019 premises; he signs a mortgage over the premises which he hands to the bank, with the certificate of . February He needs to fit out the premises for operation, so he 2019 borrows $110,000 from Small Business Finance Ltd (SBF); he signs a security instrument over the office furniture and computer equipment and SBF records the security instrument on the PPSA register. June 2019 His business grows so he decides to expand his agency; he borrows another $65,000 from ANZ to enter into a two year lease of adjoining premises and signs another mortgage over his own premises. ANZ just holds this mortgage in a safe. August He borrows $60,000 from SBF to install an electronic 2019 advertising window display; he signs a second October He decides to upgrade the air conditioning in the 2019 premises. He borrows $40,000 from Westpac and signs a third security instrument over the office furniture and computer equipment; Westpac registers the security instrument on the PPSA register December He borrows another $50,000 from Westpac to 2019 upgrade his computerised booking system. He signs another mortgage over the premises which Westpac holds in a safe and lodges a caveat at the Land Titles Office By March 2020 travel restrictions imposed because of covid-19 reduce travel Westpac holds in a safe and lodges a caveat at the Land Titles Office. By March 2020 travel restrictions imposed because of covid-19 reduce travel bookings by 90%. He is unable to keep up interest payments on all his borrowings. Marco closes the travel agency in July 2020. The building, office furniture and computer equipment are sold to repay his creditors. Question 31 Not yet answered 1 Barlad Question 31 Not yet answered Marked out of 1.00 P Flag question 1. What type of SECURITY is held by ANZ for the June 2019 loan? [1 mark] a. Perfected security interest O b. Unregistered mortgage O c. Unperfected security interest O d. Registered mortgage Question 32 Not yet answered Marked out of 1.00 P Flag question Question 32 Not yet answered Marked out of 1.00 P Flag question 2. What type of SECURITY is held by SBF for the August 2019 loan? [1 mark] O a. Registered mortgage O b. Unperfected security interest O c. Perfected security interest O d. Registered mortgage Question 33 Not yet answered Marked out of 1.00 P Flag question 3. What type of SECURITY is held by Westpac for the October 2019 loan? [1 mark] 10 Ilnragintarod mortanan Question 33 Not yet answered Marked out of 1.00 P Flag question 3. What type of SECURITY is held by Westpac for the October 2019 loan? [1 mark] a. Unregistered mortgage O b. Registered mortgage O c. Perfected security interest O d. Unperfected security interest Question 34 Not yet answered Marked out of 1.00 P Flag question 4. What type of SECURITY is held by ANZ for the January 2019 loan? [1 mark] a. Registered mortgage O b. Perfected security interest 1 Innerfected security interest Question 34 Not yet answered Marked out of 1.00 P Flag question 4. What type of SECURITY is held by ANZ for the January 2019 loan? [1 mark] a. Registered mortgage o b. Perfected security interest c. Unperfected security interest O d. Unregistered mortgage Question 35 Not yet answered Marked out of 1.00 P Flag question 5. For the January 2019 loan ANZ has [1 mark] a. An equitable interest but not a power of sale 1 b. An equitable Interest and a power o Question 35 Not yet answered Marked out of 1.00 P Flag question 5. For the January 2019 loan ANZ has [1 mark] O a. An equitable interest but not a power of sale O b. An equitable interest and a power of sale OC. A legal interest and a power of sale O d. A legal interest but not a power of sale Question 36 Not yet answered Marked out of 1.00 P Flag question 6. For the June 2019 loan ANZ has [1 mark] a. A legal interest but not a power of sale b. A legau nerest and a power of sale Question 36 Not yet answered Marked out of 1.00 Flag question 6. For the June 2019 loan ANZ has [1 mark] O a. A legal interest but not a power of sale ob. A legal interest and a power of sale OC. An equitable interest and a power of sale o d. An equitable interest but not a power of sale Information P Flag question If the premises are sold for $590,000 and the furniture and computer equipment are sold for a total of $180,000 how much will be received (you may assume no repayments of the capital sums 1 If the premises are sold for $590,000 and the furniture and computer equipment are sold for a total of $180,000 how much will be received (you may assume no repayments of the capital sums Question 37 Not yet answered Marked out of 1.00 P Flag question 7. ANZ in total? [1 mark] O a. $540,000 O b. $500,000 O c. $65,000 d. $565,000 Question 38 Not yet answered Marked out of 1.00 Flag question Question 38 Not yet answered Marked out of 1.00 P Flag question 8. SBF in total? [1 mark] O a. $170,000 O b. $110,000 O c. $140,000 O d. $60,000 Question 39 Not yet answered Marked out of 1.00 P Flag question 9. Westpac on its December loan for which the shop is security? [1 mark] O a. $25,000 O b. $50,000 O c. $90,000 O d. $40,000 Question 39 Not yet answered Marked out of 1.00 P Flag question 9. Westpac on its December loan for which the shop is security? [1 mark] O a. $25,000 O b. $50,000 C. $90,000 d. $40,000 Question 40 Not yet answered Marked out of 1.00 Flag question 10. Westpac on its loan for which the furniture and computer equipment are security? [1 mark] a. $40,000 Question 40 Not yet answered Marked out of 1.00 P Flag question 10. Westpac on its loan for which the furniture and computer equipment are security? [1 mark] a. $40,000 O b. $90,000 O c. $10,000 O d. $30,000