Law · Company Law
What is the effect of a floating charge on debentures regarding company assets?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It does not attach to any specific asset until crystallization✓
- 2It immediately attaches to all fixed assets
- 3It prevents the company from selling any assets
- 4It creates a specific mortgage over current assets
Correct answer
It does not attach to any specific asset until crystallization
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