A company has granted a fixed charge over its factory and a floating charge over its inventory. Which of the following statements regarding these charges is correct?

A floating charge attaches to specific assets as soon as it is created.

A fixed charge allows the company to deal with the charged asset freely in the ordinary course of business.

A floating charge crystallises and becomes a fixed charge upon the occurrence of certain events, such as liquidation.

A floating charge always takes priority over a fixed charge created subsequently.