The Fee for Factoring Without Recourse Is Normally Higher Than

question 91

True/False

The fee for factoring without recourse is normally higher than it would be with recourse.

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Definitions:

Payable

Refers to the amount of money that is owed by an individual or organization and is due to be paid.

Shelter Principle

A legal concept in real estate and commerce that protects the rights of a subsequent buyer of property if the immediate seller had legitimate rights to transfer it.

HDC Rights

Rights of a Holder in Due Course, which protect the holder of a negotiable instrument from certain defenses and claims that could invalidate the instrument.

Indorses

Signs or writes one's name on the back of (a document) to make it transferable or to add details, also referred to as endorsing.