CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 192 Topic 20 Discussion

CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 192 Topic 20 Discussion

BA4 Exam Topic 20 Question 192 Discussion:
Question #: 192
Topic #: 20

In 2011 Exe Bank plc granted a loan of £200,000 to Wye Ltd secured by a fixed charge over the company's land and a floating charge over all the company's other assets. Wye Ltd remains solvent but has now failed to meet its monthly repayments for three months.

 

Which of the following options are available to Exe Bank plc?

(i) Sue Wye Ltd for breach of contract.

(ii) Appoint an administrator

(iii) Petition for the compulsory winding up of Wye Ltd.


A.

(i) only


B.

(ii) only


C.

(i) and (ii) only


D.

(i), (ii) and (iii)


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