Under Accounts Receivable Financing,the Factor Is Protected from Contract Claims

question 61

True/False

Under accounts receivable financing,the factor is protected from contract claims for defective goods by the holder in due course rules.

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Definitions:

Mass Production

A manufacturing method that produces large volumes of standard products through efficient processes and assembly lines, often utilizing specialized machinery and labor.

Assembly-Line System

A manufacturing process in which parts are added to a product in a sequential manner using optimally planned logistics to create a finished product efficiently.

Uniform Products

Uniform products refer to goods that are standardized and identical, with no variation in quality, design, or features across the items produced.

Quality Aspects

The characteristics or features that determine the excellence or superiority of a product, service, or process.