Books > Old Books > Poetry Northwest (1959)


Page 189

CHAPTER 17
DEBENTURES

of the provision, even though he has notice of the floating charge;(19) or
(b) having an equitable mortgage, he obtains the title deeds without notice of the provision. (20)
Registration of a charge under the Companies Act, although it is notice of a charge, is not notice that the charge contains a provision preventing subsequent charges from obtaining priority.(21)
A floating charge has priority over
(a) an execution creditor. This priority only exists, however, if the charge, although it may be a floating charge when the sheriff enters, has become a fixed charge before the goods are sold by the sheriff, (22) or the company has paid out the sheriff to avoid a sale;(23)
(b) a garnishee order nisi.(24)
A floating charge has not priority over
(a) a landlord's distress for rent ; (25)
(b) in the event of a winding up, the claims of the preferential creditors (s. 319);
(c) equitable charges created before the floating charge becomes fixed, such as the rights of a vendor under a hire-purchase agreement. (26)
A floating charge loses its floating character and becomes fixed when:
1. The company ceases to carry on business.
2. The company goes into liquidation, even though it be voluntary winding up for the purpose of reconstruction. (27)
3. A receiver is appointed.
Avoidance of Floating Charge.-To prevent insolvent companies from creating floating charges to secure past debts to the prejudice

19 English and Scottish Mercantile, etc. Co. v. Brunton, [1892] 2 Q. B. 700.
20 Re Castell and Brown, Ltd., [1898] 1 Ch. 315.
21 Wilson v. Kelland, [1910] 2 Ch. 306.
22 Re Standard Manufacturing Co., [1891] 1 Ch. 627; Evans v. Rival Granite Quarries [1910] 2 K. B. 979.
23 Heaton and Dugard v. Cutting, [1925] 1 K. B. 655.
24 Norton v. Yates, [1906] 1 K. B. 112.
25 Re Roundwood Colliery Co., [1897] 1 Ch. 373.
26 Re Morrison, Jones and Taylor, Ltd., [1914] 1 Ch. 50
27 Re Crompton & Co., [ 1914] 1 Ch. 954.

travel books:
where is HTML where is HEAD where is TITLE of what is provision, even though he has notice of what is floating charge;(19) or (b) having an equitable mortgage, he obtains what is title deeds without notice of what is provision. (20) Registration of a charge under what is Companies Act, although it is notice of a charge, is not notice that what is charge contains a provision preventing subsequent charges from obtaining priority.(21) A floating charge has priority over (a) an execution creditor. This priority only exists, however, if what is charge, although it may be a floating charge when what is sheriff enters, has become a fixed charge before what is goods are sold by what is sheriff, (22) or what is company has paid out what is sheriff to avoid a sale;(23) (b) a garnishee order nisi.(24) A floating charge has not priority over (a) a landlord's distress for rent ; (25) (b) in what is event of a winding up, what is claims of what is preferential creditors (s. 319); (c) equitable charges created before what is floating charge becomes fixed, such as what is rights of a vendor under a hire-purchase agreement. (26) A floating charge loses its floating character and becomes fixed when: 1. what is company ceases to carry on business. 2. what is company goes into liquidation, even though it be voluntary winding up for what is purpose of reconstruction. (27) 3. A receiver is appointed. Avoidance of Floating Charge.-To prevent insolvent companies from creating floating charges to secure past debts to what is prejudice 19 English and Scottish Mercantile, etc. Co. v. Brunton, [1892] 2 Q. B. 700. 20 Re Castell and Brown, Ltd., [1898] 1 Ch. 315. 21 Wilson v. Kelland, [1910] 2 Ch. 306. 22 Re Standard Manufacturing Co., [1891] 1 Ch. 627; Evans v. Rival Granite Quarries [1910] 2 K. B. 979. 23 Heaton and Dugard v. Cutting, [1925] 1 K. B. 655. 24 Norton v. Yates, [1906] 1 K. B. 112. 25 Re Roundwood Colliery Co., [1897] 1 Ch. 373. 26 Re Morrison, Jones and Taylor, Ltd., [1914] 1 Ch. 50 27 Re Crompton & Co., [ 1914] 1 Ch. 954. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 189 where is strong CHAPTER 17 DEBENTURES where is p align="justify" of what is provision, even though he has notice of what is floating charge;(19) or (b) having an equitable mortgage, he obtains what is title deeds without notice of what is provision. (20) Registration of a charge under what is Companies Act, although it is notice of a charge, is not notice that what is charge contains a provision preventing subsequent charges from obtaining priority.(21) A floating charge has priority over (a) an execution creditor. This priority only exists, however, if what is charge, although it may be a floating charge when what is sheriff enters, has become a fixed charge before what is goods are sold by what is sheriff, (22) or what is company has paid out what is sheriff to avoid a sale;(23) (b) a garnishee order nisi.(24) A floating charge has not priority over (a) a landlord's distress for rent ; (25) (b) in what is event of a winding up, what is claims of what is preferential creditors (s. 319); (c) equitable charges created before what is floating charge becomes fixed, such as what is rights of a vendor under a hire-purchase agreement. (26) A floating charge loses its floating character and becomes fixed when: 1. what is company ceases to carry on business. 2. what is company goes into liquidation, even though it be voluntary winding up for what is purpose of reconstruction. (27) 3. A receiver is appointed. Avoidance of Floating Charge.-To prevent insolvent companies from creating floating charges to secure past debts to what is prejudice 19 English and Scottish Mercantile, etc. Co. v. Brunton, [1892] 2 Q. B. 700. 20 Re Castell and Brown, Ltd., [1898] 1 Ch. 315. 21 Wilson v. Kelland, [1910] 2 Ch. 306. 22 Re Standard Manufacturing Co., [1891] 1 Ch. 627; Evans v. Rival Granite Quarries [1910] 2 K. B. 979. 23 Heaton and Dugard v. Cutting, [1925] 1 K. B. 655. 24 Norton v. Yates, [1906] 1 K. B. 112. 25 Re Roundwood Colliery Co., [1897] 1 Ch. 373. 26 Re Morrison, Jones and Taylor, Ltd., [1914] 1 Ch. 50 27 Re Crompton & Co., [ 1914] 1 Ch. 954. where is Server.Execute("_SiteMap.asp") %

Book Pages: _SiteMap , default , 001 , 002 , 003 , 004 , 005 , 006 , 007 , 008 , 009 , 010 , 011 , 012 , 013 , 014 , 015 , 016 , 017 , 018 , 019 , 020 , 021 , 022 , 023 , 024 , 025 , 026 , 027 , 028 , 029 , 030 , 031 , 032 , 033 , 034 , 035 , 036 , 037 , 038 , 039 , 040 , 041 , 042 , 043 , 044 , 045 , 046 , 047 , 048 , 049 , 050 , 051 , 052 , 053 , 054 , 055 , 056 , 057 , 058 , 059 , 060 , 061 , 062 , 063 , 064 , 065 , 066 , 067 , 068 , 069 , 070 , 071 , 072 , 073 , 074 , 075 , 076 , 077 , 078 , 079 , 080 , 081 , 082 , 083 , 084 , 085 , 086 , 087 , 088 , 089 , 090 , 091 , 092 , 093 , 094 , 095 , 096 , 097 , 098 , 099 , 100 , 101 , 102 , 103 , 104 , 105 , 106 , 107 , 108 , 109 , 110 , 111 , 112 , 113 , 114 , 115 , 116 , 117 , 118 , 119 , 120 , 121 , 122 , 123 , 124 , 125 , 126 , 127 , 128 , 129 , 130 , 131 , 132 , 133 , 134 , 135 , 136 , 137 , 138 , 139 , 140 , 142 , 143 , 144 , 145 , 146 , 147 , 148 , 149 , 150 , 151 , 152 , 153 , 154 , 155 , 156 , 157 , 158 , 159 , 160 , 161 , 162 , 164 , 165 , 166 , 167 , 168 , 169 , 170 , 171 , 172 , 178 , 179 , 180 , 181 , 182 , 183 , 184 , 185 , 186 , 187 , 188 , 189 , 190 , 191 , 192 , 193 , 194 , 195 , 196 , 197 , 198 , 199 , 200 , 201 , 202 , 203 , 204 , 205 , 206 , 207 , 209 , 210 , 211 , 212 , 214 , 215 , 217 , 218 , 219 , 220 , 221 , 222 , 223 , 224 , 225 , 226 , 227 , 228 , 229 , 230 , 231 , 232 , 233 , 234 , 235 , 236 , 237 , 238 , 239 , 240 , 241 , 242 , 243 , 244 , 245 , 246 , 247 , 248 , 249 , 250 , 251 , 252 , 253 , 254 , 255 , 256 , 257 , 258 , 259 , 260 , 261 , 262 , 263 , 264 , 265 , 266 , 267 , 268 , 269 , 270 , 271 , 272 , 273 , 274 , 275 , 276 , 277 , 278 , 279 , 280 , 281 , 282 , 283 , 284 , 285 , 287 , 288 , 289 , 290 , 291 , 292 , 293 , 294 , 295 , 296 , 297 , 298 , 299 , 300 , 301 , 302 , 303 , 304 , 305 , 306 , 307 , 308 , 309 , 310 , 311 , 312 , 313 , 314 , 315 , 316 , 317 , 318 , 319 , 320 , 321 , 322 , 323 , 324 , 325 , 326 , 327 , 328 , 329 , 330 , 331 , 332 , 333 , 334 ,