Question

In which of the following
arrangement with the bank, a
company does not directly
assume the risk of default by its
costomers​

Answer 1

Answer:

Without recourse pertains to when the buyer of a promissory note or other negotiable instrument assumes the risk of default.

Answer 2

Answer:

Without recourse way that one celebration can not gain a judgment against, or compensation from, a defaulting or opposing celebration in an economic transaction. When a buyer of a promissory note or other negotiable instrument signs a "no recourse" agreement, basically they are agreeing on the terms and conditions to accept the risk of default.

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29  MAY 2022.