Multiple Choice
Which of the following statements is false about factoring without recourse?
A) The seller of the receivables is liable upon default of the debtor.
B) The factor's risk is higher than if the factoring were with recourse.
C) An example is the use of major credit cards.
D) The fee will be higher than if the factoring were with recourse.
Correct Answer:
Verified
Correct Answer:
Verified
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