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1. The definition of a Bill of Exchange under the Bill of Excange Act 161 (Act 551) contains certain salient ingredients. With the a of

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1. The definition of a Bill of Exchange under the Bill of Excange Act 161 (Act 551) contains certain salient ingredients. With the a of decided cases and relevant statues discusss the salient feature of the Act . (25 marks marks). 2. (a) What is Ratification under the Agency Principle. (b) With the aid of decided cases discussed the requirements and effect of Ratification. (15 marks). 3. Is banker-customer relationship contractual? If so, are there some implied terms therein? If so, what are they? Discuss wth the aid decided cases

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