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All Conversions Are Trespasses but Not All Trespasses Are Conversions

question 22

True/False

All conversions are trespasses but not all trespasses are conversions.


Definitions:

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid according to the agreement.

Accounts Payable

The amount a company owes to suppliers for goods and services purchased with credit.

Factor

A finance company to which businesses sell their accounts receivable—usually for a percentage of the total face value.

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