A floating charge: crystallizes when a debtor defaults. B) is used by unsecured creditors. is a form of equity financing. D) is a form of security held jointly by multiple creditors. E All of the above Acheque endorsed in blank is cashable: by the payee named on the front of the cheque only. by the payer only. (C) within 30 days. (D) by anyone. Before it is eligible for a loan, what may a new business need to do? Pledge security. B prepare a written business plan. Provide a cash flow analysis. All of the above. What is a proposal to creditors? A business plan presented to a bank to obtain a loan. B Part of the petition of a debtor into bankruptcy. C An arrangement by the debtor to pay creditors without going bankrupt. (D) A voluntary assignment in bankruptcy. What is covered by a general security agreement? The ranking of a debtor's various creditors. (B) The details of a company's capital structure. (C) A description of the security pledged, and a description of the actions that constitute a default. Both A and C Question 6 Which of the following is true about consumer note? It bears no interest prior to the payment date. It is not transferable. It sometimes offers the maker a defence against payment. It is not a negotiable instrument. Additional content