1.The firm in which you work is considering lending a large sum of money to Acme Ltd.Acme Ltd is proposing to give a charge over some of its assets as security for the loan.Your employer has asked you to draft a report, dealing briefly with the following matters: -

a.The nature of a fixed charge.

b.The nature of a floating charge.

c.The check or checks which should be taken to ensure that Acme's assets are not already the subject of an existing charge.

d.The steps which should be taken to ensure that the charge granted by Acme ltd gives adequate security for the loan.