Which of the Following Best Describes the Agreement in Which

question 100

Multiple Choice

Which of the following best describes the agreement in which a lender reviews the credit sales of the borrowing firm and decides which credit accounts it will accept as collateral for the loan?

• A)trust receipt
• B)pledging of accounts receivable
• C)factoring of accounts receivable with recourse
• D)factoring of accounts receivable without recourse
• E)floating lien