FAN, Inc. has payroll due this week, but the construction company for whom FAN just...
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Accounting
FAN, Inc. has payroll due this week, but the construction company for whom FAN just completed a large job has not yet paid its invoice. That payment will be received next Monday. To make payroll this week, FAN issues a short-term debt instrument to Water-Bottles-R-US, who just received payment on their largest order in their history. The debt issued by FAN to WBRU is
a. an assignment.
b. a delegation.
c. commercial paper.
d. an agency relationship.
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