Question: One condition that must be satisfied before a transferor has surrendered control of a receivable is the Multiple choice question. transferee cannot pledge the receivables.

One condition that must be satisfied before a transferor has surrendered control of a receivable is the
Multiple choice question.
transferee cannot pledge the receivables.
transferor is required to repurchase the receivables in the future.
transferor has the right to buy back the receivables at any time.
transferor's creditors cannot claim the receivables.

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