In a factoring arrangement, the factor:
A. takes no risk and sustains no losses.
B. buys the accounts receivables of a firm.
C.receives no interest payment.
D. both a and c.
Answer: B
In a factoring arrangement, the factor:
A. takes no risk and sustains no losses.
B. buys the accounts receivables of a firm.
C.receives no interest payment.
D. both a and c.