Which of the following statements is incorrect?
A) Generically a 'debenture' is simply an acknowledgement of debt
B) The Corporations Act deems some documents not to be debentures, such as cheques and bills of exchange
C) The Corporations Act requires borrowers not to use the term 'debenture' unless the debt is secured by a charge over assets
D) Unsecured debts are not debentures for the purposes of complying with regulatory sections of the Corporations Act
Correct Answer:
Verified
Q11: On Jan 1 20X1 Q Ltd had
Q12: Which of the following are allowable methods
Q13: Which of the following statements is incorrect?
A)Debt
Q14: Deb Ltd has 100 $1000 face amount
Q15: On Jan 1 20X1 Q Ltd had
Q17: The following obligations relating to debentures are
Q18: Wor Ltd issued 100 $100 000 par
Q19: On Jan 1 20X1 Q Ltd
Q20: Which of the following are allowable methods
Q21: A company must prepare a disclosure document
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