In a Loan Arranged Through the Assignment of Accounts Receivable

question 16

Multiple Choice

In a loan arranged through the assignment of accounts receivable the lender:

• A) accepts the actual receivable to be collected.
• B) has a lien on the receivables and recourse to the borrower.
• C) assumes full risk of default.
• D) All of these are correct.

---

Definitions:

Structuralism

An approach in psychology (and also in sociology and linguistics) that analyzes elements of human culture, society, and mind; it suggests that these parts of society are structured to maintain its stability.

Functionalism

A perspective in sociology and psychology that views society as a complex system whose parts work together to promote solidarity and stability.

Comparative Psychologists

Researchers who study the behaviors and mental processes of animals to understand the evolutionary and developmental underpinnings of human psychology.

Animal Intelligence

The capacity of animals to solve problems, adapt to new situations, and possibly exhibit behaviors indicative of thought.