Pledges of accounts receivable are made on ________ basis, respectively.
A) a nonrecourse and a notification
B) a nonnotification and a notification
C) a notification and a recourse
D) a notification and a nonrecourse

Question

Quizplus · Accepted Answer

Pledges of accounts receivable can be made on either a nonnotification basis, where the debtor is not informed of the pledge, or a notification basis, where the debtor is informed.

Pledges of Accounts Receivable Are Made on ________ Basis, Respectively