When the factoring company can make a claim against the firm

When the factoring company can make a claim against the firm that sold them the accounts this is called _____ arrangement

a non-recourse

a recourse

a notification factoring

a non-notification factoring

Solution

a recourse arrangement

A recourse debt always favours the lender of money if a lender has given recourse right in borrowing agreement it implies that the lendar can getback the repayment of debt from the borrower against borrowing assets