Q 1: Having various differences between Cheque and Bills of Exchange in the law of negotiable instruments, there are also many common points or similarities. Pin out and discuss in detail such similarities or common points on the basis of four (4) points along with examples.

Q 2: Nora issued a cheque of Rs. 200,000/- to Mr. Adil in a business transaction. On the due date, it got dishonoured by bank due to insufficient funds in the account of Nora. Do you think Mr. Adil is duty bounded to serve a legal notice on wrong doer in each and every case or exceptions lies there? Give advice to Mr. Ali on the basis of any three (3) points when such exceptions are possible.

Q 3: Mr. Waleed is manufacturing dairy products at his newly constructed processing plant in Hyderabad (Sindh). In order to expand his business, someone suggested him to hire agents. He is interested to hire mercantile agents and factor agents, but he is not aware about both. Mr. Waleed wants to hire your services for advice and clarity about these. Give him proper advise about these kinds of agents on the basis of three (3) points of differences.