BTG3243

Finance law

(BUS)

Mr Andrew Coleman

6 points + 2-hour lecture and 1-hour tutorial per week + Distance + Second semester + Gippsland + Prerequisite: BTG1201

Synopsis: Legal framework of the Australian banking and finance industry. Banker and customer relationship, duty of care, conversion, types of customer, duties between bank and customer, new account procedures, disclaimers, bank opinions, role of the Banking Ombudsman, negotiability and transferability of instruments, cheques, bills of exchange. The law regulating business finance and security, hire-purchase and consumer credit, types of property and securities, priorities, guarantees, lending principles and practice, electronic banking, bankruptcy and insolvency law, and debt recovery.

Assessment: Assignment: 30% + Examination (3 hours): 70%