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Sir as we know 3 characteristics of fixed charge and 3 characteristics of floating charge i,e
a) Fixed charge is on an identified asset
b) Asset retained permenantly in the business
c) Company has no freedom to deal with the (e.g sell) asseta) Floating charge is on class of assets, present and future
b) Assets within the class will change from time to time
c) Company has freedom to deal with the assetMy question is that for a charge to be fixed or floating does all the 3 conditions/characterstics need to be satisfied?
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