relay again?

This seems odd to me:

        if (!host_allow_relay_anywhere_set)
          {
          host_allow_relay_anywhere = TRUE;

          if ((sender_host_accept_relay != NULL ||
               sender_net_accept_relay != NULL)
             &&
             !verify_check_net(sender_net_accept_relay,
               &sender_net_accept_relay_nets)
             &&
             !verify_check_host(sender_host_accept_relay,
               &sender_host_accept_relay_hosts)

             ) host_allow_relay_anywhere = FALSE;

Now if sender_host_accept_relay is set, and sender_net_accept_relay is
null, then we call verify_check_net(NULL,...) which returns FALSE, so
host_allow_relay_anywhere is set FALSE. Right?