Which Statement Is Correct

question 1

Multiple Choice

Which statement is correct?

• A)A transfer with recourse means that the purchaser cannot go back to the company for compensation of bad debts.
• B)A transfer with recourse means that the purchaser of the receivables takes the collection risk.
• C)A transfer with recourse means that the seller of the receivables takes the collection risk.
• D)A transfer without recourse means that the seller of the receivables takes the collection risk.

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Definitions:

Social Solidarity

The sense of community and mutual support that binds members of a society together, often seen as crucial for the stability and functioning of social groups.

Durkheim

A French sociologist, social psychologist, and philosopher who is best known for his works on social cohesion, the division of labor, and the concept of anomie.

Restorative Justice

A system of criminal justice that focuses on rehabilitating offenders through reconciliation with victims and the community at large.

Retribution

A principle of justice where the punishment of a criminal is proportionate to the offense committed, emphasizing the aspect of moral vengeance.