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Prudent Bank had a charge over ABC Company Ltd's entire property expressed as a fixed and specific charge. Another term of the charge allowed ABC

Prudent Bank had a charge over ABC Company Ltd's entire property expressed as a fixed and specific charge. Another term of the charge allowed ABC Company to continue making sales from stock in the ordinary course of business until notified in writing by the bank to stop doing so. Advise Prudent Bank Ltd. on the nature of the charge.

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