Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 16, 2024

N TWO Barclays Limited issued a debenture to Finale Bank years ago. The debenture was described as a fixed and floating charge over all the

N TWO

Barclays Limited issued a debenture to Finale Bank years ago. The debenture was described as a fixed and floating charge over all the assets of the company. However, due to inadvertence, the charge was not dated or registered within time. The company is now in liquidation and the loan is in arrears. Finale Bank seeks your legal advice on whether it can rely on the charge to prove its claim in liquidation proceedings of the company

Required:Advice Finale Bank

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones of Managerial Accounting

Authors: Mowen, Hansen, Heitger

3rd Edition

324660138, 978-0324660135

Students also viewed these Accounting questions

Question

★★★★★

Given the following mixed costs at various levels of production, complete the requirements. 1. Plot the data on a scattergraph, and visually fit a straight line through the points. 2. Based on your...

Answered: 1 week ago

Question

★★★★★

George sold land to an unrelated party in 2017. His basis in the land was $45,000, and the selling price was $120,000$30,000 payable at closing and $30,000 (plus 10% interest) due January 1, 2018,...

Answered: 1 week ago

Question

★★★★★

4. Describe how you would conduct an assessment for criminogenic factors in offenders with intellectual disability.

Answered: 1 week ago

Question

★★★★★

On January 1, 2010, Cayce Corporation acquired 100 percent of Simbel Company for consideration paid of $126,000, which was equal to fair value. Cayce is a U.S.-based company headquartered in Buffalo,...

Answered: 1 week ago

Question

★★★★★

Larry has itemized deductions greater than $12,400 for 2020, which is enough to itemize. His effective tax rate is 16% and his marginal tax rate is 24%. If Larry accelerates an anticipated charitable...

Answered: 1 week ago

Question

★★★★★

You have owned a bond for 10 years. It matures in 20. You expect interest rates to start to increase over the next 20 years. What would you, as a wise investor do, and why?

Answered: 1 week ago

Question

★★★★★

A construction company in London regularly participates in the bidding process for large scale construction projects in the capital. Over the last few years the company has enjoyed a stable success...

Answered: 1 week ago

Question

★★★★★

The average number of arrivals at a box office is 10 customers per hour. Only 1 customer can be served at the box office at any given time. It takes on average 3.5 minutes for a customer to be...

Answered: 1 week ago

Question

★★★★★

Explain the function of human heart and draw a clear diagram of human heart along with the proper labelling of each part.

Answered: 1 week ago

Question

★★★★★

How is the process of neurulation takes plain in mammals ? Elucidate with the help of suitable diagram.

Answered: 1 week ago

Question

★★★★★

What are the APPROACHES TO HRM?

Answered: 1 week ago

Question

★★★★★

Fred bought a mobile hot dog stand. After a year of operations he is trying to understand his costs per unit better. He sells a hot dog, bag of chips, and bottle of soft drink as a bundled unit for...

Answered: 1 week ago

Previous Question Next Question