i. Examine three attributes of a good security for loan guarantee. [10 marks]

ii. Should a bank always insist on having security when lending to a customer? Explain your position. [6 marks]

iii. In an attempt of bank officials to collect and recover some loans from defaulters. There are soo many procedures to follow. Explain any three (3) of the procedures. [9 marks]

Note: Kindly provide me well structured answer for my understanding.