Ifthereimbursementinstructionwrittenonthepaymentorderisexpressedas‘incover,wehavecreditedyourA/Cwithus’,theA/Crelationshipbetweentheremittingbankandthepayingbankmustbe()
A
the paying bank opens an A/C with remitting bank
B
the remitting bank opens an A/C with paying bank
C
both remitting bank and paying bank open their A/Cs with a third bank
D
remitting bank and paying bank have their A/Cs with two different banks
