The Essential Difference Between a Fixed Charge and a Floating

question 55

Multiple Choice

The essential difference between a fixed charge and a floating charge relates to:

• A)Whether or not the charge must be registered.
• B)The length of time the charge exists.
• C)The enforceability of the charge against third parties.
• D)The time when the particular assets that will be subject to the charge become known.

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Definitions:

Third Party

An entity or individual that is involved indirectly or is an outside party to a transaction or situation between two other parties.

Compromising Strategy

A conflict resolution approach where both parties make concessions to reach a mutually acceptable solution.

Managing Conflict

The process of identifying and addressing differences that, if left unchecked, could affect project performance.

Conflict Management

The approach of recognizing and addressing disagreements in a rational, equitable, and effective way.