A Decides to Purchase B's Office,which Consists of an Industrial

question 21

Multiple Choice

A decides to purchase B's office,which consists of an industrial condominium unit and inventory and equipment.However,A only has enough money for the deposit and B agrees to help him.In this case,to help A finance the purchase,

• A)a mortgage/charge on the condominium unit and a chattel mortgage on the inventory and equipment.
• B)B will give A a mortgage/charge on both the condominium unit and the inventory and equipment.
• C)B will enter into a conditional sales agreement with A.
• D)B will give a chattel mortgage on the condominium unit and a mortgage/charge on the inventory and equipment.
• E)a mortgage/charge on the condominium unit and a floating charge on the inventory and equipment.

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Definitions:

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Strategies are plans of action or policies designed to achieve a major or overall aim.

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