The Fee for Factoring Without Recourse Is Normally Higher Than

question 91

True/False

The fee for factoring without recourse is normally higher than it would be with recourse.

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Definitions:

Agency Law

The legal principles governing the relationship between an agent, who acts for another person (the principal), and the rights and obligations that arise from this relationship.

Business Law

A branch of law that deals with the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.

E-Sign

E-Sign, the Electronic Signatures in Global and National Commerce Act, is a federal law that facilitates the use of electronic records and signatures in interstate and foreign commerce.

Transactions

Refers to the business activities involving the exchange of goods, services, or money between entities.