Which of the Following Statements Is Incorrect

question 25

Multiple Choice

Which of the following statements is incorrect?

• A)A floating charge relates only to a class or classes of assets
• B)A fixed charge relates to one or more specific assets such as a block of land
• C)A floating charge crystallises in the event of a specified breach in the loan agreement
• D)The lender who holds a floating charge has superior claim over assets compared with any other lender.

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Definitions:

-malacia

A suffix used in medical terminology to denote softening of the tissues, often used to describe pathological conditions.

-mnesia

A suffix indicating a condition related to memory, such as in "amnesia," meaning the loss of memory.

-plasia

A suffix indicating the formation, development, or growth of tissues or cells in biology and medicine.

-rrhexis

-rrhexis is a suffix used in medical terminology to denote rupture or bursting of a specific organ or structure.