Boyz Finance Company approaches merchants and gives immediate cash to them in return for the right to collect the series of monthly payments made on account by the merchant's customers. Boyz pays $75 now for the assignment of right to collect $100 in the future. For good reason, Boyz should be examining the business practices of the merchants from whom it accepts assignments as much as it examines the credit-worthiness of the accounts that it purchases.
Correct Answer:
Verified
Q33: If Martin bought a property from Nevin,
Q34: York Co. assigns a conditional contract with
Q35: York Co. assigns a conditional contract with
Q36: Kevin was injured when a bottle of
Q37: Carl agrees to buy a refrigerator from
Q39: Ace Engineering needed cash and assigned a
Q40: James owed Christie $2,500. She asked him
Q41: George was approached by a travelling salesperson,
Q42: The Smalltown Sawmill entered into a contract
Q43: Creighton owned a commercial property on the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents