A Floating Charge Allows a Company to Raise Capital by Borrowing

question 3

Multiple Choice

A floating charge allows a company to raise capital by borrowing money which is secured (guaranteed) by:

• A)the creditor's right to appoint a Plimsoll salvage manager if the repayment agreement is broken.
• B)a personal guarantee by the directors.
• C)assets that can be used,sold or transferred by the company until the repayment agreement is broken.
• D)the creditor's right to sell specific assets if the repayment agreement is broken.

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Definitions:

Deviant Behavior

Acts that violate social norms or values, which can range from minor infractions to major crimes.

Deviant Label

A label used in sociology to describe actions or behaviors that violate social norms or values.

Positivist Criminologists

Scholars who apply the scientific method and empirical evidence to study crime and criminal behavior, focusing on observable phenomena and determinants.

Criminal Status

A legal designation reflecting the fact that an individual has committed a crime or is considered guilty of a particular offense.