Factoring Refers to the Process of Selling Accounts Receivable for Cash

question 82

True/False

Factoring refers to the process of selling accounts receivable for cash.

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Definitions:

Law Book

A publication containing legal rules, regulations, and case law to guide legal professionals and scholars.

Persuasive Authorities

Legal sources that a court can consider but is not obligated to follow, often used for guidance or as persuasive precedent.

Civil Courts

Institutions that handle legal disputes between individuals or organizations in non-criminal matters, such as disputes over contracts, property, and family law.

Secondary Sources

Information sources that analyze, interpret, or provide commentary on primary sources, such as textbooks, reviews, and scholarly articles.