LAW5105 - Credit and security law 506

Offered

Not offered in 2007

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