Acme, Inc. instructed its bank, AJM Bank, to pay $500,000 to TreeTop, Inc. TreeTop, Inc. was also a customer of AJM Bank. AJM Bank executed the payment order by crediting Treetop's account with $500,000 and notified TreeTop that the credit was made and was available. TreeTop, Inc. could properly be described as a(n): Group of answer choices Originator Beneficiary Receiving Bank Sender

Answer rating: 100% (QA)

In the scenario you described TreeTop Inc is the beneficiary Heres why Originator Acme Inc ini... View the full answer