Pledge of the shares
Charge on the shares
Assignment on the shares
Lien and pledge on the shares
I, ii and iii
Ii,iii and iv
I, ii and iv
All of the above
The values fluctuate in tandem with the stock market
It is difficult to determaine their value
The assets of the company may already be encumbered
The presence of off balance sheet liabilities
The loan is secured by property that is readily assessable
The values may appreciate and therefore helps in growth in equity from borrower
The regulatory requirements demand a high margin of financing
The lender can discount the housing loan papers with Cagamas
Reasonable risk taking
The profit potential
Preishablility of assets
Liquidity of the assets
Goods subject to rapid technological changes
Number of years remaining to maturity for leasehold land
Specially assemble equipment
Malay Reserved land
An asset whose usage is very specific
Providing increamental lines by having additional security documentation
Creation of additional charge without a new charge document being executed
Extending incremental lines without having to create any new charge
Obtaining additional credit lines without the need for registration with CCM
It prevents the directors from dealing with such assets without consent of debenture holder.
It gives the company the freedom to deal in the assets charge.
So long as crystailization has not taken place, company has the freedom to deal in the assets charged
Such assets can only be sold off by way of public auction
Enforcement of the floating charge is very difficult
Preferential creditors have priority over the deventure holder with regard to assets covered by floating charge.
Marketability of the assets is a problem
Assessability of the items covered by the floating charge is a problem.
I and ii
Ii and iii
Ii, iii and iv
I, iii and iv
Assignor can provide the assignee with a power of attorney to perfect the assignment
Borrower can get an acknowledgement from the principle.
The lender can stamp the agreement for ad valorem
The lender can establish the assignment by implied conduct
The assignment passes the legal right to the debt togather with all remedies for non payments to the assignee.
The bank has no reqourse against the debtor.
The bank has no recorse against the creditor who has assigned his debts
None of the above
Pledege means a transfer of chattel or a movable asset.
In involves only actual delivery
Possession of the assets is passed to the pledgee
Legal ownership remains with the pledgor
Ordinary lien gives power of sale while a banker's lien there is no power of sale
Banker's lien gives power of sale while an ordinary lien there is no power of sale
Ordinary lien the assets is with the borrower while for the banker's lien assets is wth the lender
Banker's lien assets is with the borrower while for a ordinary lien assets is with the borrower
Unlike a pledge, in the case of hypothecation, the physical possession of the security is not with the lender
In the case of pledge, physicalpossession is with the borrower, wihle for a hypothecation, physical possession is with the lender.
In the case of a pledge there is constructive delivery while in the case of a hypothecation there is actual delivery.
In the case of a pledge there is actual delivery while in the case of hypothecation there is constructive delivery.
It limits the power of the attorney to specific acts
It authorizes the attorney to do virtully all acts and things which the principal can do in person.
It has no time limit and can only be revoked with the consent of the donor.
It is for a specified period and can be revoked by the donor unilaterally.
Teh lender obtained a statutory declaration that the power of attorney is still valid and has acted in good faith
The lender had ensured that the power of attorey had been stamped
The lender had ensured that the the official seal of the high court was present on the power of attorney.
The lender had ensured that the power of attorney was attested by persons authorized by the Power of Attorney Ordinance 1949
I and ii
Ii, iii and iv
I, ii and iii
I, iii and iv
Void and cannot be enforced
Inadmissible in evidence for any purpose
Not recognized as principle documents
The principal instrument is stamped at market value while the subsidary instrument is stamped
The principal instrument is satamped first while subsidary instrument is stamped later
The principal instrument is stamped for a higher value
Ad valorem stamp duty is payable on principal instrument while nominal stamp duty is payable on subsidiary instrument
The date the transfer was registered
The date agreement for sale was signed
The date the instrument was stamped
The instrument of transfer's execution dated
RM25 or 5% of the amount of deficient duty, whichever sum is greater, if stamped within 1 month after the time for stamping
RM50 or 10% of the deficient duty, whichever sum is greater, if stamped within 6 months after time for stamping
RM100 or 20% of the amount of the deficient duty, whichever sum is greater, if stamped after 6 months from the time for stamping
RM25 or 5% of the amount of deficient duty, whichever sum is greater, if stamped within 3 months after the time for stamping
RM10 per thousand
RM5 per thousand
RM1 per hundred
RM3 per thousand