Factoring Accounts Receivable Has All of the Following Characteristics Except

question 78

Multiple Choice

Factoring accounts receivable has all of the following characteristics except:

• A)money is advanced to the borrower as a loan against accounts receivable
• B)accounts receivable balances are removed from the balance sheet
• C)the customer payment is made to the factor
• D)all of the above are characteristics of pledging

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Definitions:

Tenancy At Will

A rental agreement that allows either the tenant or the landlord to terminate the lease at any time without cause.

Rental Terms

The conditions and agreements that delineate the rights and obligations of the lessor and lessee in a property rental arrangement.

Fair Housing Act

A U.S. law enacted in 1968 aimed at preventing discrimination when renting or selling residential property based on race, religion, national origin, sex, (and as later amended) disability and family status.

Housing Discrimination

The illegal practice of denying individuals or groups the opportunity to rent, buy, or negotiate for housing based on race, color, religion, sex, disability, familial status, or national origin.