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The Economic Nature of Factoring and its Legal Manifestation in the Bulgarian Legislation and the Convention on International Factoring

Dimitrova, Emilia (2011) The Economic Nature of Factoring and its Legal Manifestation in the Bulgarian Legislation and the Convention on International Factoring. Acta Universitatis Danubius. Juridica, XIII (1). pp. 52-64. ISSN 1844-8062

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Abstract

The factoring is a sophisticated financial technique and management service designed to facilitate the use of trade credit. This article illustrates the basic factoring services and namely: financing, credit protection, accounting (ledgering) and collection of receivables. It is emphasized, that factoring as a legal phenomenon includes two contracts: a contract for sale of goods or for supply of services between the supplier and its customers(debtors), on the one hand, and a factoring contract between the supplier and the factor, on the other hand.

Item Type:Article
Uncontrolled Keywords:financing function, assumption of credit risk, provision of administrative and accounting services, system of two related legal relationships
Subjects:Law > Contractual law, law of obligation
ID Code:2327
Deposited By: Emilia Petrova Dimitrova
Deposited On:08 Sep 2014 11:32
Last Modified:08 Sep 2014 11:32

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