American Factoring Law, 2016 Cumulative Supplement

A must-have reference for attorneys, factors, their clients, bankers, accountants, judges, and businesspersons who sell or purchase goods or services, American Factoring Law delves into the complex topics involved in factoring by American factors. The 2016 Cumulative Supplement includes: recent developments in the factoring industry and the impact of economic forces, with a focus on the monetary policies of the Federal Reserve and other central bankers; a comprehensive review of historical decisions on factoring law from the courts of England, several of which were recently located and originally cited by American judges developing early American factoring law; an expanded chapter covering supply chain financing (reverse factoring) as well as recent court rulings on purchase order financing, litigation funding, and merchant cash advance (MCA) transactions; a review of recent judicial decisions on the true-sale of accounts to a factor; discussion of disputes between factors and account debtors, including a commercial factor's action against an alleged account debtor who paid the factor's client over notice, and the factor's associated claim for conversion; and a wealth of new material on bankruptcy issues which impact commercial factors such as factors denying an individual debtor's general bankruptcy discharge or the particular indebtedness to the factor, and the difference between a post-petition ''recoupment'' and a post-petition ''set-off''.