Final answer:
For receivables sold with recourse, it is true that the seller guarantees payment to the purchaser if the debtor fails to pay, providing security against the risk of default.
Step-by-step explanation:
True, for receivables sold with recourse, the seller indeed guarantees payment to the purchaser if the debtor fails to pay. This arrangement acts as a form of collateral to insure against the risk of non-payment by the debtor.
In a broader business context, sellers may use similar assurances such as a money-back guarantee to promote trust and reassure buyers, particularly when the buyer has imperfect information about the quality of a product, as is often the case with online or mail-order purchases.