Commentary

49 Content of forms

BANKING vol 4(1)
| Commentary

49 Content of forms

| Commentary

49 Content of forms

It will also be seen that some of the forms cover ground already covered by another form. For instance, the assignment of receivables in effect covers some of the ground covered by the assignment of rental income, and the general full form debenture covers some of the ground covered by the mortgage of chattels or the charge over securities. This has been deliberate as it will enable the practitioner to ‘pick and mix’ and select the particular precedent appropriate for the transaction. The practitioner may have to adjust the document to fit the transaction precisely and

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