Q No. 1 Explain with examples about different types of crossing on cheques. (Make cheque pictures to explain each crossing).

Q No. 2 Mr. Sohail and Mr. Ali started clothes business in Azam Market Lahore with name & style of M/s SA Clothes (a partnership firm of 50% each). Both partners attended a dinner party in Royal Palm Lahore where they met their common friend Mr. Naeem, a leading textile businessman. During dinner a fashion designer started business deal with partners of M/s SA Clothes. Mr. Naeem intervene and represented him as partner of M/s SA Clothes and on reliance of the same, deal was final. Analyze above scenario and explain what type of partner Mr. Naeem is? Also describe his duties & liabilities towards the fashion designer.

Q No. 3 Mr. Sumair appointed Mr. Zahid as authorized agent for Sumairs Faisalabad based dealership. Zahid authorization was limited to the transaction upto Rs. 2 Million. Owing to sudden decrease in market prices, Zahid decided to enter into a deal of Rs. 3 Million to avoid any loss. Whether Mr. Zahid need prior approval for this?