Which of the following is correct?

CIMA BA4 Question Answer

A fixed charge is a charge over a specific asset of the company which it is unable to deal with freely in the ordinary course of business.

A fixed charge is a charge over a specific asset of the company which it is able to deal with freely in the ordinary course of business.

A fixed charge is a charge over a class of company assets which the company can deal with freely in the ordinary course of business.

A fixed charge is a charge over a class of company assets which the company is unable to deal with freely in the ordinary course of business.

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