A fixed charge allows a company to raise capital by borrowing money which is secured (guaranteed) by:
A) a personal guarantee by the directors
B) the creditor's right to take ownership of the assets if the debt is unpaid.
C) the creditor's right to sell specific assets if the repayment agreement is broken.
D) the creditor's rights to appoint a fixer d'affaires to investigate the company if the repayment agreement is broken.
Correct Answer:
Verified
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