The Factoring Firm, Under the Terms Recourse, Bears Responsibility for Default

question 73

True/False

The factoring firm, under the terms recourse, bears responsibility for default on accounts receivable purchased from a firm.

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Definitions:

Existential Instantiation

A logical principle stating that the existence of at least one instance of a variable within a domain can be concluded from a statement asserting something about that variable.

Universal Instantiation

A logical rule used in deductive reasoning stating that what is true of all members of a class is true of any specific member.

Symbolize

To represent, stand for, or express something else, often abstract, through the use of symbols.

Lemon

A citrus fruit with a sour taste, or colloquially, a defective or unsatisfactory item, especially a car.