Question

a) Kofi Ansah, who maintains an account with KYZ bank ltd has presented a cheque he...

a) Kofi Ansah, who maintains an account with KYZ bank ltd has presented a cheque he received from one of his business partners, Kwaku Abban, who saves with DDK bank for payment.
i. Identify the various parties to the cheque presented by Kofi Ansah.
ii.Which of the banks is the paying bank? Justify your answer.
iii.Which of the banks is the collecting banker? Justify your answer.

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