________ Involves the Sale of Accounts Receivable

question 110

Multiple Choice

________ involves the sale of accounts receivable.

• A) Trust receipt loan
• B) Factoring
• C) Field warehouse arrangement
• D) Pledging of accounts receivable

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Definitions:

Unenforceable

A term that describes a contract or clause that, due to certain legal deficiencies, cannot be upheld or enforced by a court.

Commercial Relationships

Professional interactions and dealings between businesses or between businesses and customers that involve the exchange of goods, services, or information.

Legally Binding

An agreement or contract that is enforceable by law, meaning parties must fulfill their specified obligations or face legal consequences.

Commission of Crime

The act of carrying out a criminal offense or the process by which a crime is perpetrated.