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    • Question

      Hypothecation includes

      A Charge upon movable property Correct Answer Incorrect Answer
      B Charge upon immovable property Correct Answer Incorrect Answer
      C Floating charge on movable property Correct Answer Incorrect Answer
      D Both a and c Correct Answer Incorrect Answer
      E All a,b and c Correct Answer Incorrect Answer

      Solution

      SARFAESI Act - “hypothecation” means a charge in or upon any movable property, existing or future, created by a borrower in favour of a secured creditor without delivery of possession of the movable property to such creditor, as a security for financial assistance and includes floating charge and crystallization of such charge into fixed charge on movable property.

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