Akani and Sule are sole proprietors. Akani proposed that their businesses be merged to form a partnership.

(a) Explain to Sule how such a partnership would be to their mutual benefit

(b) State five reasons why Sule might be reluctant to accept the proposal. 
 

(a) Explain the following terms:
(i) bearer cheque
 (ii) open cheque
(iii) order cheque
 (iv) crossed cheque.

(b) Explain any six factors which a bank manager would take into consideration in evaluating an application for a loan. 
 

State the functions of: |
(a) NIPOST
(b) NITEL