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  3. Study Set
    CFIN4
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    Exam 17: Financial Planning and Control
  5. Question
    The Factor (Lender) Purchasing Accounts Receivable from Borrower Has Recourse
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The Factor (Lender) Purchasing Accounts Receivable from Borrower Has Recourse

Question 133

Question 133

True/False

The factor (lender) purchasing accounts receivable from borrower has recourse against the borrower if the accounts receivable cannot be collected.

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