Which of the Following Statements Is True About Factoring Without

question 98

Multiple Choice

Which of the following statements is true about factoring without recourse?

• A)The seller of the receivables is liable upon default of the debtor.
• B)The factor's risk is lower than if the factoring were with recourse.
• C)An example is the use of major credit cards.
• D)The fee will be lower than if the factoring were with recourse.

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Definitions:

Sigmoid Colon

The part of the large intestine that is closest to the rectum and anus, forming an 'S' shape.

Left Lower Quadrant

A section of the abdomen divided into quadrants for anatomical reference, located on the left side below the umbilicus.

Liver

A vital organ located in the upper-right side of the abdomen, involved in numerous functions including detoxification, protein synthesis, and digestion.

Borborygmi

The rumbling or gurgling noises made by the movement of fluid and gas in the intestines, often associated with hunger or digestive activity.