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Shortly After The 1897 Act The Seminal Definition Of A Floating Charge Was ...
Shortly after the 1897 act the seminal definition of a floating charge was given in the ubiquitously quoted judgement of Romer LJ In re Yorkshire Woolcombers Association Limited. Houldsworth v. Yorkshire Woolcombers Association Limited:
‘If a charge has the three characteristics that I am about to mention it is a floating charge. (1.) If it is a charge on a class o...
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