Which of the Following Is Not a Method for Lenders

question 123

Multiple Choice

Which of the following is not a method for lenders to control pledged inventory?

• A) Blanket inventory liens
• B) Trust receipts
• C) Warehousing
• D) Factoring

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Definitions:

Bank Statement

A summary issued by a bank detailing the transactions in a customer's account over a specific period, including deposits, withdrawals, and balances.

Stop Payment

An order issued to a bank by an account holder not to pay a specific check that has been written and issued but not yet cashed.

Secondhand Car

A vehicle that has had one or more previous owners before the current possession.

Acceptor

A drawee of a draft who has promised to honor the draft as presented by signing it on its face.