Law · Company Law

What is the effect of a fixed charge (or specific charge) on debentures?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1It allows the company to freely sell the assets
2It only applies if the company winds up
3It creates a charge over specific, identifiable assets✓
4It applies generally to all current assets

Correct answer

It creates a charge over specific, identifiable assets

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