Which of the following is are the parties in Factoring Business?
Which of the following is are the parties in Factoring Business?
[A]buyer
[B]seller
[C]buyer and seller
[D]buyer, seller and financial institution
buyer, seller and financial institution
Factoring refers to the process of managing the sales register of a client by a financial services company. Basically, there are three parties involved in a factoring transaction:
1. The buyer of the goods
2. The seller of the goods
3. The factor, i.e. The financial institution.
Originally written on
June 3, 2015
and last modified on
June 3, 2015.