Explain the purpose and operation of floor plan financing

Reference no: EM132703224

Question a: Discuss two factors that influence the yield at which a commercial bill will be discounted. What effect does a bank-accepted have on the yield?

Question b: The proprietor of Kent Street Toyota, a car dealership, has applied to GE Finance Ltd for a "floor plan finance".

(i) Explain the purpose and operation of floor plan financing.

(ii) GE Finance can enforce a range of systems, including bailment, to protect its position as the provider of floor plan finance. Explain bailment.

Reference no: EM132703224

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