BTX5131 - Advanced banking law

Leader: Mr Rhett Martin

Offered

Caulfield First semester 2007 (Evening)

Synopsis

Topics include legal background to financial systems; banker and customer; payment systems; capacity and authority to borrow and grant security; lending on the security of land; lending on the security of goods; lending on the security of proceeds; invalidation of company securities; insolvency.

Objectives

The learning goals associated with this unit are to:

• define the main legal structures of the Australian banking system
• critically analyse the main legal characteristics of cheques, bills of exchange and promissory notes and their uses
• explain the law in respect to securities, including mortgages, company charges and guarantees
• assess the modern Australian payment system with specific reference to electronic payments and credit cards
• assess the modern regime for corporate and personal insolvency and its legal consequences.

Assessment

Research assignment (5000 words): 30%
Examination (3 hours, open book): 70%

Contact hours

3 hours per week

Prohibitions

BTF4001, BTF5131