Question: What is a floating charge? Question 6 Answer a . A pledge of a certain class of collateral, pursuant to which a lender retains specific

What is a floating charge?
Question 6Answer
a.
A pledge of a certain class of collateral, pursuant to which a lender retains specific items until the debt is repaid
b.
A pledge of an unspecified class of collateral, pursuant to which a lender retains items of its choosing until the debt is repaid
c.
A pledge of a certain class of collateral, pursuant to which a debtor is permitted to dispose of items in that class
d.
A pledge of an unspecified class of collateral, pursuant to which a debtor is permitted to dispose of items from any class

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