LAW5105

Credit and security law 506 ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader:

Offered:
Not offered in 2006.

Synopsis: The nature, functions and variety of secured lending transactions; real property securities; chattel securities; receivables financing. Company securities. Romalpa clauses. Guarantees. Personal property securities reform.

Objectives: Students completing this unit will (1) acquire an understanding of the functions of credit and security; (2) be familiar with the different forms of secured lending transaction and the reasons for their development; (3) appreciate the factors likely to determine the choice of a particular secured lending instrument; (4) have a sound grasp of the legal and equitable concepts which underpin the different forms of transaction; (5) be familiar with the ways in which the different forms of transaction are regulated; (6) be able to solve problems arising out of the application of case and statute law to particular kinds of transaction; and (7) identify weaknesses in the current law and be able to argue the case for reform.

Assessment: Assignment (3000 words): 30% + Examination (2 hours writing time plus reading time): 70% OR Examination (3 hours writing time plus reading time): 100%

Contact Hours: Three hours of lectures per week

Prerequisites: LAW3400 or LAW3401 and LAW3402