Under Accounts Receivable Financing,the Factor Is Protected from Contract Claims

question 61

True/False

Under accounts receivable financing,the factor is protected from contract claims for defective goods by the holder in due course rules.

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Definitions:

Correlation Coefficient

An analytical assessment that quantifies the degree and direction of correlation between two distinct variables.

Interval Variables

Variables which not only have an order but also a precise numerical distance between their values, similar to interval data but in a context emphasizing variable types.

Normal Distributions

This probability distribution is defined by its symmetrical structure around the mean, revealing that data points closer to the mean have greater frequencies than those positioned further away.

Wilcoxon Rank

A non-parametric statistical test that compares two paired groups, based on ranking the differences between pairs and used when the data does not necessarily conform to a normal distribution.