Which of the Following Is Not a Legal Consequence of Registering

question 48

Multiple Choice

Which of the following is not a legal consequence of registering a charge?

• A)The charge is enforceable against a liquidator.
• B)The lender has priority over the holders of unregistered charges.
• C)The lender has priority over all other lenders.
• D)The charge is enforceable against third parties.

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Definitions:

Laws of Inheritance

The principles that govern the passing of traits from one generation to the next through the transmission of genetic information.

Limited Partnership

A form of partnership where one or more partners have limited liabilities and limited involvement in the day-to-day management, while at least one partner has unlimited liability.

General Partners

Individuals or entities that manage a partnership and are personally responsible for its debts.

Limited Partners

Investors who contribute capital to a partnership but are not involved in its daily management, and whose liability is limited to the amount they invested.