Section A

Which of the following statements correctly describes a key difference between a fixed charge and a floating charge?

A fixed charge must be registered at Companies House, but a floating charge does not require registration.

A fixed charge attaches to a specific asset, whereas a floating charge hovers over a shifting class of assets.

A floating charge ranks higher in priority than a fixed charge in the event of liquidation.

A company can freely dispose of an asset subject to a fixed charge without the lender's permission.