y factored its receivable with recourse to Rowin Bank. Gant received cash as a result of this transaction. Assuming the three conditions for a sale are met, this transaction is best described as a O loan from Rowin collateralized by Gant's accounts receivable O sale of Gant's receivables to Rowlin with the risk of uncollectible accounts transferred to Rowlin O sale of Gant's receivables to Rowin with the risk of uncollectible accounts retained by Gant Oloan from Rowin to be repaid by the proceeds from Ganfs accounts receivable