1. Bank ABC, (collecting banker) collects the cheque issued by Mr. Yusuf to Mr. Suhail for OMR 3,500 and credits the account of Mr. Suhail for OMR 1,500 as he has already paid Mr.Suhail OMR 2,000 as he had to meet some emergency expenses relating to his sons covid-19 treatment. Is Bank ABC an Agent for collection or holder for value? Explain in detail.

2. Mr.Hassan has OMR 2200 in his current account. He issues two cheques,one to Mr.Ali for OMR 1000 on 7th June 2021 and another cheque to Mr.Talal for OMR 1500 on 9th July 2021. Mr Talal presents the cheque on July 12th 2021 and Mr.Ali presents the cheque on July 13th 2021. Which cheque will be dishonoured and why?

3. Explain the following conditions of payment in due course, by giving suitable examples of your own.

a. Without Negligence

b. Payment in due course

c. Payment in accordance of apparent tenor

4. Mr. Ahmed is working in Bank ABC, he has dishonored the payment of his customers cheques, due to the following reasons. You are required to explain each of the following terms by giving suitable example of your own which you think could be the reason why the cheque was dishonored by Mr. Ahmed.

a. Material Alteration

b. Post Dated cheque

c. Inchoate cheque

5. Explain Bankers Right of Set-off with a suitable example.