In ____, the Exporter Sells Accounts Receivable Without Recourse

question 4

Multiple Choice

In ____, the exporter sells accounts receivable without recourse.

• A) accounts receivable financing
• B) factoring
• C) working capital financing
• D) countertrade

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Definitions:

Age of Majority

The legal age at which an individual is considered an adult and capable of making legal decisions for themselves, such as entering into contracts and voting, varying by jurisdiction.

New Consideration

Additional or different consideration offered in a contract, beyond what was initially agreed upon, often required for the enforcement of modifications or new agreements.

Doubled Production

A situation or outcome where the output or production of goods or services has increased by 100 percent.

State apparatus

The complex of institutions, bodies, and organizations through which a state exercises its power and authority.