John was recently appointed as a managing director of Jaya Sdn Bhd. He was contemplating applying for financial assistance from a reputable bank to refurbish the company and set up five branches as well. Advise Jack on the following: (a) What are the differences between fixed charges and floating charges? (2 marks) (b) What does the term 'crystallisation' mean? (1 mark) (c) What does the rules governing the registration of charges? (2 marks)