When Factoring Is Done on a Nonrecourse Basis,the ___ Has

question 31

Multiple Choice

When factoring is done on a nonrecourse basis,the ___ has title to the receivables and the ___ is responsible for credit checking and collecting the receivables.

• A)factor,factor
• B)factor,borrowing firm
• C)borrowing firm,factor
• D)borrowing firm,borrowing firm

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