An Injured Party Whose Rights in a Contract Have Been

question 2

Multiple Choice

An injured party whose rights in a contract have been breached can bring a ________ against the other party.

• A) Lawsuit
• B) Motion
• C) Mediation
• D) Judgment
• E) Claim

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Definitions:

Accounts Receivable Financing

A type of financing arrangement wherein a business uses its outstanding invoices as collateral to receive immediate funds from a lender.

Secured Short-Term Loan

A loan that is backed by collateral and has a maturity period of one year or less.

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Factoring Of Receivables

The sale of a business's accounts receivable to a third party, at a discount, for immediate cash.