Business, 24.12.2019 19:31 thetudent41
When a loan is secured by receivables, the firm assigns the receivables to the bank. if the firm fails to repay the loan, the bank can collect the receivables from the firm's customers and use the cash to pay off the debt.
a. true
b. false
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When a loan is secured by receivables, the firm assigns the receivables to the bank. if the firm fai...
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