Question

Factoring and forfeiting are two different ways of extending credit by financial institutions. Which of the following is NOT a difference between factoring and forfeiting?

A Factoring is with or without recourse while forfeiting is always without recourse
B Factoring is usually done for domestic transactions while forfeiting is done in case of international transactions.
C In factoring the seller of invoice receives the payment upfront while in forfeiting the seller of invoice gets the payment in instalments
D Factoring involves short term maturity invoices while forfeiting involves medium to long term invoices
E All are the differences between factoring and forfeiting
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