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Ashorn Ashorn
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6 years ago
Use this fact situation to answer the related questions that follow.
A is buying a video business including the inventory of DVDs, which is valued at half the worth of the business, but A only has half the purchase price, so B agrees to help A out.

In this case, to help A buy the business, B will
a. take back a floating charge over the inventory.
b. take a chattel lease over the inventory for the balance of the purchase price.
c. take back a mortgage/charge on the inventory.
d. take back a chattel mortgage on the inventory.
e. none of the above
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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AlexStanfordAlexStanford
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Ashorn Author
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6 years ago
nicee
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