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Amara, a recent graduate, is employed in a bank. On her first day she was asked few simple questions which are as follows: (a) Why
Amara, a recent graduate, is employed in a bank. On her first day she was asked few simple questions which are as follows: (a) Why is floating charge allowed? (b) Why are both, fixed and floating charges allowed to operate on movable assets and not immovable assets? Amara being confused called you, as you are one of the best friends of Amara. She asked you the same questions. Answer the questions for her.
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