The court approved the statement that floating charges ‘constitute a charge but give a licence to the company to carry on its business’.
Judges:
Romer J
Citations:
[1895] Ch D 118
Jurisdiction:
England and Wales
Cited by:
Cited – National Westminster Bank Plc v Spectrum Plus Ltd; In re Spectrum Plus CA 26-May-2004
The court was asked whether a charge given over book debts in a debenture was floating or fixed.
Held: Since the charge asserted some control over receipt of the payments, it was a fixed charge. Upon payment into the account, title to the . .
Lists of cited by and citing cases may be incomplete.
Banking
Updated: 24 November 2022; Ref: scu.198017