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In the case of handling bills of exchange for collection the relationship between the customer and banker..

APrincipal and agent

BDebtor and creditor

CBailee and Bailor

DTrustee and Beneficiary

Answer:

A. Principal and agent

Read Explanation:

When a bank collects bills on behalf of a customer, it acts as the agent of the customer (the principal) and does not become the owner of the bills.


Related Questions:

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Short note given by a banker to point out reasons for the dishonor of a cheque is
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The accounts of every society shall be audited within of the close of the financial year to which such accounts relate