Debentures may be:
I. unsecured.
II. secured by a floating charge over assets.
III. secured by a specific charge over particular assets.

Question

Quizplus · Accepted Answer

Debentures can either be unsecured or secured by a floating charge over assets or secured by a specific charge over particular assets. Therefore, options II and III are correct, but option I alone is not. Hence, the best choice is B.

Debentures May Be: I. Unsecured