When Factoring Is Done on a Nonrecourse Basis,the ___ Has

question 31

Multiple Choice

When factoring is done on a nonrecourse basis,the ___ has title to the receivables and the ___ is responsible for credit checking and collecting the receivables.

• A)factor,factor
• B)factor,borrowing firm
• C)borrowing firm,factor
• D)borrowing firm,borrowing firm

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Definitions:

Vivid Image

A highly detailed, clear, and striking mental representation or description that evokes a strong visual perception.

Memorable Slogan

A distinctive and catchy phrase used to convey an important message in a memorable way, often for advertising or branding.

Tangible Benefits

Refers to measurable and concrete advantages that result from an action or decision.

Early Success

Early success refers to significant positive outcomes achieved at the initial stages of an endeavor, project, or career, often motivating continued effort and improvement.