Under the factoring arrangement the factor ........

Business Studies(11th) Sources of Business Finance

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Under the factoring arrangement, the factor

Share profits earned by the lessor

Participate in the management of the organisation

Use the asset for a specific period

Sell the assets

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Explanation:

A lease agreement is an agreement between two parties by which the owner of an asset grants the right to another party to use it in return for a periodic payment. Therefore, under a lease agreement, the lessee gets the right to use the asset of the lessor for a specific period.