(a) The requirement is to identify the term that is not
related to loans involving inventory. Answer (a) is correct because
factoring involves the sale of accounts receivable. Answer
(b) is incorrect because a blanket inventory lien involves a
legal document that establishes inventory as collateral for a loan.
Answer (c) is incorrect because a trust receipt is an instrument
that acknowledges that the borrower holds the inventory and the
proceeds from sale will be put in trust for the lender. Answer (d)
is incorrect because warehousing involves storing inventory in a
public warehouse under the control of the lender.