An important consequence of the decision in Re Spectrum Plus is that Caribbean companies that have borrowed on the security of book debts are now free to fund general operations out of receipts on receivables. Discuss

The answer must be type- written using 1.5 line spacing with 12 pitch (font size) on white
paper 8 ½” x 11” with 1 ½”margins on the left hand side.
Oscola citation