Debentures may be:
i. secured by a specific charge over particular assets.
ii. secured by a floating charge over assets.
iii. unsecured.
A) i
B) i, ii
C) i, ii, iii
D) ii, iii

Question

Quizplus · Accepted Answer

Debentures can be secured either by a specific charge over particular assets or by a floating charge over assets. They can also be unsecured. Therefore, option i and ii are correct, while option iii is included in the other two options.

Debentures May Be: I. Secured by a Specific Charge Over Particular Assets