Financial institutions law
Associate Professor Robin Edwards
6 points * 3 hours per week * Second semester * Caulfield * Prerequisites: FIN1010 and FIN1151 or equivalents * Prohibition: FIN5131
Objectives On completion of this subject a student should understand and have a sound knowledge of: the banker and customer relationship; federal and state legislation impacting financial institutions; the law relating to bank securities and negotiable instruments.
Synopsis Legal background to Australian financial system; banker and customer; capacity and authority to borrow grant security; lending on the security of land; lending on the security of goods; lending on the security of proceeds; invalidation of company securities.
Assessment Two essays: 25% each * Final examination (3 hours): 50%
Prescribed texts
Sykes E and Walker S The law of securities Law Book, 1993
Weerasooria W S Banking law and financial systems in Australia Butterworths, 1993