Multiple Choice
What is "recourse" as it relates to selling receivables?
A) The obligation of the seller of the receivables to pay the purchaser in case the debtor fails to pay.
B) The obligation of the purchaser of the receivables to pay the seller in case the debtor fails to pay
C) The obligation of the seller of the receivables to pay the purchaser in case the debtor returns the product related to the sale.
D) The obligation of the purchaser of the receivables to pay the seller if all of the receivables are collected.
Correct Answer:
Verified
Correct Answer:
Verified
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