Identify the type of charge that was created over Milly Ltd's trade receivables
【参考答案及解析】
Although the charge documentation states that a fixed charge was created, Milly Ltd may deal with the charged asset as it wishes to. This fulfils the criteria for a floating charge and therefore the charge will be registered as a floating charge.
Although the charge documentation states that a fixed charge was created, Milly Ltd may deal with the charged asset as it wishes to. This fulfils the criteria for a floating charge and therefore the charge will be registered as a floating charge.