Harlan's Customers Have Been a Little Slow in Paying Their

question 20

Multiple Choice

Harlan's customers have been a little slow in paying their invoices, and he is short on cash to pay his quarterly taxes. Harlan should consider

• A) sending the late payers to a collection agency.
• B) factoring.
• C) putting his late payers on credit hold until they pay up.
• D) taking out a personal loan to pay the taxes.

---

Definitions:

RUPA

The Revised Uniform Partnership Act, which provides a legal framework for the operation of partnerships within the United States.

Continuity of Existence

A business principle referring to the capacity of a company to maintain its operations and existence through changes in ownership or structure.

Written Agreement

A contract or document outlining the terms of an agreement between parties, which is signed and documented in writing.

RUPA

The Revised Uniform Partnership Act regulates how partnerships are managed within the United States.