Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
981971 | Procedia Economics and Finance | 2013 | 6 Pages |
Abstract
The contract of factoring is accomplished between one party whose main activity is to be the supplier of goods and another party who is a factor. Factoring offers the seller a number of services: it makes available to him immediate liquidation of his business claims and effective management and satisfaction. The law has no requirements as regards minimum duration of the factoring contract. As a result, it may be approved that the extent is fixed or unclear. The forfaiting contract, which is a way of financing exports, is a trilateral contract too.
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