The only condition required for control over receivables to be surrendered is that the transferred assets should be beyond the reach of the transferor and its creditors.

Question

Quizplus · Accepted Answer

Control over receivables can be surrendered through various means, not just by ensuring the assets are beyond the reach of the transferor and its creditors. It also involves the transferee's ability to sell or pledge the receivables, among other conditions.

The Only Condition Required for Control Over Receivables to Be