A factor is a person:
A) not a party to a contract who is intended, as a gift, to benefit from its performance.
B) to whom an obligation is owed.
C) not a party to a contact who was intended to benefit from it and who may sue to enforce its terms.
D) not a party to a contract who benefits from its performance but was not intended to specifically.
E) who purchases the right to receive income from another.

Question

Quizplus · Accepted Answer

A factor is a person who purchases the right to receive income from another, typically by buying accounts receivable or other income streams.

A Factor Is a Person