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5 . CPA - 0 0 034 Gar Co . factored its receivables without recourse with Ross Bank . Gar received cash as a result

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5 . CPA - 0 0 034 Gar Co . factored its receivables without recourse with Ross Bank . Gar received cash as a result of this transaction . which is best described as a a . Loan from Ross collateralized by Gar's accounts receivable b . Loan from Ross to be repaid by the proceeds from Gar's accounts receivable C . Sale of Gar's accounts receivable to Ross , with the risk of uncollectible accounts retained by Ga Sale of Gar's accounts receivable to ROSS .' with the risk of uncollectible accounts transferred to Ross

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