SECTION B (20 Marks) Write short notes on the following: 31. Aleatory Contracts (3 Marks) 32. Who is a customer of a bank? (2 Marks) 33. Subrogation in insurance contracts (3 Marks) 34. Indemnification (2 Marks) 35. Holder in due course (3 Marks) 36. General Endorsement (2 Marks) 37. Distinguish between the primary market and the secondary market of the capital market (5 Marks) Section C (20 Marks) Answer any one question from this section 38. In a level 200 class of 325 students, Agyeiwaa, Seyram, Naa Lamley, Fati and Afiba begin a debate during a commercial law lecture. Yaw Konko screams from the back claiming there are no differences between a cheque and a bill of exchange. This claim by Yaw Konko throws the class into feuding zone made up of small pockets of debating teams and groups. It becomes rather heated and noisier as well as emotional with everyone claiming to be right. At the same time Jackson claiming to be the Lord Denning of the class and his friend Patrick claiming to be the Justice Cardozo of the class are almost involved in the exchange of blows over the same issue. Your Commercial Law lecturer has just walked in and has promised a reward of GHS 500.00 to the best student who can define and differentiate between a cheque and a bill of exchange. As a student in this class, define and differentiate the differences if any between a cheque and a bill of exchange (20 Marks). 39. Kporha, Okyere, Adumasa, Kyinto and Djibril have recently graduated from College with honours. They have been very good friends from their basic school days till now. As friends, they have been involved in different entrepreneurial activities including setting up different media businesses and also going into oil and gas ventures together. Recently, whiles on a trip to Belgium, they discovered that the financial sector holds the key to securing and guaranteeing their fortune. One of their course mates at the University unsuccessfully set up a savings and loans business which collapsed only after three months due to different reasons and mismanagement. They have come to you as a student of Commercial Law ii to explain to them the type of financial institutions that exists under Act 930 and the procedure as well as requirement that one must comply with in setting up a bank in Ghana (20 Marks)