A Factor Is an Individual or Financial Institution That Buys

question 1

True/False

A factor is an individual or financial institution that buys accounts receivable without recourse.

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Definitions:

Demand Money

A request for payment or compensation.

Indorsements

Signatures or stamps placed on a document, typically a check or negotiable instrument, signifying agreement, approval, or acknowledgment.

Genuine Signatures

Authentic signatures that confirm the identity of signatories and indicate their agreement with the terms of a document.

Entitled to Enforce

Having the legal right or standing to compel obedience to a law, rule, or obligation.