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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Priority of charges
Hello
a) if suppose a fixed charge was created on an asset on 2nd Jan and it was not registered, and another fixed charge was created on the same asset on 10th Jan and it was registered on 20 Jan, so which 1 has priority?
b) if suppose a fixed charge was created on an asset on 3rd March and it was registered on 30th March , and another fixed charge was created on the same asset on 6th March and it was registered on 15th March, so which 1 has priority?
To be valid, it must be registered and it must be registered within 21 days
Now you do the math!
(a) 10th
(b) 6th
OK?