There Are Two Types of Charges Over the Assets of a Company.These

question 35

Multiple Choice

There are two types of charges over the assets of a company.These are called:

• A)Fixed and floating.
• B)Personal and business.
• C)General and specific.
• D)Mortgage and insurance.

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Definitions:

Estate Planning

The process of making advance arrangements for the disposal of an individual's estate, often to minimize taxes and legal complications.

Intestate

The condition of having died without a valid will, leading to the distribution of the deceased's estate according to state laws.

Probate

A rephrased definition: The court-supervised process of authenticating a deceased person’s will, settling their debts, and distributing their estate to the rightful heirs.

Incorporation by Reference

A method where a document includes by reference all or portions of another document, making the referenced material part of the new document.