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Banko Ltd has a floating charge over all the undertaking and assets of Sonic Ltd. When Sonic Ltd is placed in liquidation the floating

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Banko Ltd has a floating charge over all the undertaking and assets of Sonic Ltd. When Sonic Ltd is placed in liquidation the floating charge belonging to Banko Ltd crystallises and becomes a fixed charge. Other creditors of Sonic Ltd at this time include BGRBNK plc, which holds a fixed charge over some of Sonic Ltd's assets, and Sonic Ltd's employees, who are owed remuneration and holiday pay. Which of the following describes the order of priority here with respect to the liquidation? a) BGRBNK plc takes priority over Banko Ltd, which in turn takes priority over the employees of Sonic Ltd. b) The employees of Sonic Ltd take priority of BGRBNK plc, which in turn takes priority over Banko Ltd. c) Banko Ltd, BGRBNK plc and the employees of Sonic Ltd all rank equally. 08 d) BGRBNK plc takes priority over the employees of Sonic Ltd who take priority over Banko Ltd. Alison has worked continuously over several years for her London-based employer. She lives in London and travels a short bus journey to work each day. Her employer advises her that she is being transferred from an office in Holborn to one in Regent Street, pointing out that Regent Street is only a five-minute tube-train ride away from Holborn. However, Alison is terrified of trains and of being underground. She wants to stay at the Holbom office. She points out that there is no mobility clause in her employment contract and refuses the transfer. Her employer subsequently dismisses her. She feels that she should have been made redundant in the circumstances. What is the likely legal position here? (a) (b) (c) Alison can claim redundancy because her employer has ceased to carry on business at the location where she worked. Alison can claim redundancy because her employer has restructured so that her job no longer exists. Alison has been constructively dismissed in circumstances that make her redundant because of the upheaval caused by the transfer. (d) Alison cannot claim for redundancy in these circumstances.

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