Receivables Flashcards by Dawn Ivey | Brainscape

Q

True or False.
In a sale without recourse the buyer assumes the risk of uncollectible accounts.

A

True

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

True or False
When receivables are factored without recourse the transaction is treated as a sale. The buyer accepts full risk.

A

True

How well did you know this?

1

Not at all

2

3

4

5

Perfectly