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LAW5105 - Credit and security law 506

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate Faculty of Law


Not offered in 2007


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.


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.


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


LAW3400 or LAW3401 and LAW3402