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Acme, Inc. instructed its bank, AJM Bank, to pay $500,000 to TreeTop, Inc. TreeTop, Inc. was a customer of First State Bank. AJM Bank did

Acme, Inc. instructed its bank, AJM Bank, to pay $500,000 to TreeTop, Inc. TreeTop, Inc. was a customer of First State Bank. AJM Bank did not have a correspondence relationship with First State Bank. Second National Bank had a correspondence relationship with AJM Bank and First State Bank. AJM Bank executed Acme, Inc.'s payment order by issuing its own payment order to Second National Bank. Second National Bank issue its own payment order to First State Bank and instructed First State Bank to credit Treetop's account with $500,000. Second National Bank could properly be described as a(n): Group of answer choices Beneficiary's Bank Receiving Bank Originator's Bank Beneficiary

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