When an Exporter Sells an Account Receivable to a Factor

question 13

True/False

When an exporter sells an account receivable to a factor, the factor will attempt to collect payment from the importer, but if the importer is unable to pay, the factor can collect the payment from the exporter.

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Definitions:

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The cognitive process of continuously monitoring and adjusting thoughts, behaviors, and emotions in response to new information or changing goals.