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The CFO of Syntex Labs needs cash to cover cash flow problems and signs a note to sell $1M of receivables to General Finance Holding
The CFO of Syntex Labs needs cash to cover cash flow problems and signs a note to sell $1M of receivables to General Finance Holding Company. She has just signed for:
a. a promissory note
b. commercial paper
c. factoring
d. a loan, like a bank loan
e. too broad a question as any of the above could serve as an answer.
PLEASE DON'T JUST GUESS
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