LAW4109

Consumer credit 406 ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader:

Offered:
Not offered in 2005.

Synopsis: The nature of credit, and the scope of the legislation. Truth in lending. Advertising. Formal requirements governing the contracting process. Variations. Product liability (with particular reference to linked credit providers). Securities. Guarantees. Unjust contracts. Termination and enforcement of contracts. Licensing and administration. The reform process and proposals for further reform.

Objectives: Students completing this subject will (1) acquire an understanding of the functions of credit and security; (2) be familiar with the forms of credit contract principally in use and the reasons for their development; (3) understand the history and politics of consumer credit law reform up to the time of the most recent legislation; (4) appreciate the policy concerns which underlie consumer credit legislation and the problems to which regulation gives rise; (5) have a detailed knowledge of the statute and case law governing consumer credit transactions; and (6) be in a position to evaluate critically the effectiveness of the legislation and proposals for further reform.

Assessment: Research essay (3000 words): 30% + Final examination (2 hours): 70%.

Contact Hours: Three 1-hour classes per week

Prerequisites: LAW1100 Legal process OR LAW1101 Introduction to legal reasoning and LAW1102 Law in society; LAW2100 Contract OR LAW2101 Contract A and LAW2102 Contract B; LAW3400 Property OR LAW3401 Property A and LAW3402 Property B