{"id":46252,"date":"2024-04-15T22:09:40","date_gmt":"2024-04-15T22:09:40","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46252"},"modified":"2024-04-15T22:09:40","modified_gmt":"2024-04-15T22:09:40","slug":"bad-debt-cost-is-not-borne-by-factor-in-case-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/bad-debt-cost-is-not-borne-by-factor-in-case-of\/","title":{"rendered":"Bad debt cost is not borne by factor in case of:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Pure Factoring&#8221; option2=&#8221;Without Recourse Factoring&#8221; option3=&#8221;With Recourse Factoring&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. Without Recourse Factoring<\/strong><\/p>\n<p>In <strong>without recourse factoring<\/strong>, the factor assumes all the risks associated with the receivables, including bad debts. This means that the factor will not look to the seller for payment if a buyer defaults on a debt.<\/p>\n<p>In <strong>with recourse factoring<\/strong>, the seller retains some of the risk associated with the receivables. This means that the factor may look to the seller for payment if a buyer defaults on a debt.<\/p>\n<p><strong>Pure factoring<\/strong> is a type of factoring in which the factor assumes all the risks associated with the receivables, including bad debts. This means that the factor will not look to the seller for payment if a buyer defaults on a debt.<\/p>\n<p><strong>Recourse factoring<\/strong> is a type of factoring in which the seller retains some of the risk associated with the receivables. This means that the factor may look to the seller for payment if a buyer defaults on a debt.<\/p>\n<p>In conclusion, bad debt cost is not borne by factor in case of <strong>without recourse factoring<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Pure Factoring&#8221; option2=&#8221;Without Recourse Factoring&#8221; option3=&#8221;With Recourse Factoring&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[945],"tags":[],"class_list":["post-46252","post","type-post","status-publish","format-standard","hentry","category-financial-management","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bad debt cost is not borne by factor in case of:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/bad-debt-cost-is-not-borne-by-factor-in-case-of\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bad debt cost is not borne by factor in case of:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Pure Factoring&#8221; 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