Explain the priority of the charges issued to Margaret and Chris.
【参考答案及解析】
Margaret's charge would have taken precedence because it was created first and because it is a fixed charge, had it been registered within the allowed period of 21 days, up to 22 May. However, it was not registered until 29 May, and Chris's charge was legitimately registered in the period between 22 and 29 May when Margaret's charge was void. The court would probably have allowed late registration of Margaret's charge but not at the expense of Chris's rights.
Margaret's charge would have taken precedence because it was created first and because it is a fixed charge, had it been registered within the allowed period of 21 days, up to 22 May. However, it was not registered until 29 May, and Chris's charge was legitimately registered in the period between 22 and 29 May when Margaret's charge was void. The court would probably have allowed late registration of Margaret's charge but not at the expense of Chris's rights.