The firm in which you work is considering lending a large sum of money to ABZ Sdn. Bhd. ABZ Sdn. Bhd. is proposing to give a charge over some of its assets as security for the loan. Your employer asks your opinion on the following matters. Explain: -

i. The best type of charge that the firm may opt for. Why? (3 marks)

ii. The importance of the certificate of registration of charge and steps to obtain the certificate. (4 marks)

iii. When and how to release the charge? (3 marks)