a) Mr. Kofi Briggs has maintained a satisfactory account with your branch for a period of 5 years. He is a mechanical engineer of 40 years old who runs a professional office engaged in considering and contacting work for the Tema development corporation, Tema, as well as for the private sector. Today Mr. Briggs calls to discuss with you his housing mortgage loan matter under your banks mortgage loan scheme for private house ownership. For the discussion he had produced a contractor's estimate of the cost of a private house he plans to build. The cost of the house was estimated at GH30million. He says he has been allocated a plot of land at Tema and he has been given all the necessary documents. He is applying for a mortgage loan of GH20million repayable within a period of 10 years. He has in his house ownership savings account a total of GH16million, more than the minimum savings required of beneficiaries under the scheme. You are prepared to help him. Your bank takes a legal mortgage of the property concerned. Required: What are the documents you will require from Mr. Briggs and how will you perfect your banks security. [10 marks] b) Alhaji Abubakar is a wealthy customer of your branch who is currently away on a "Hajj Trip" to Saudi Arabia. The branch receives a telephone call from a stranger who says he is Mr. Kwame Bobo, who says that he is a photographer and that Alhaji Abubakar, prior to going abroad, had given him a crossed cheque for GH20,000 in payment for pictures. The cheque has been lost and Mr. Bobo asks if your branch will stop payment of the cheque if it is presented. He leaves his telephone number in case of need. The cheque is discovered in the days clearing. It is properly drawn in favor of Mr. Kwame Bobo and is endorsed "Kwame Bobo" on the back. i) What is the bank position vis--vis Alhaji Abubakar and Mr. Kwame Bobo? [5 marks] ii) Explain clearly how would you deal with the cheque? [10 marks]