Documents are presented in accordance with the terms of an unconfirmed documentary credit payable at sight and the Nominated Bank chooses Lo negotiate them.

  Which of the following statements best describes the Nominated Bank's actions?

  A. Make immediate payment to the beneficiary.

  B. Effect payment on receipt of covering funds.

  C. Present documents to the Issuing Bank.

  D. Confirm sight to the Reimbursing Bank.

  (1)( ) A and C only

  (2)( ) A and D only

  (3)( ) B and C only

  (4)( ) B and D only