BTX4001 - Financial institutions law

Leader: Mr Rhett Martin

Offered

Caulfield First semester 2008 (Evening)

Synopsis

Topics include legal background to Australian financial system; banker and customer; 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 objectives of 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

Within semester assessment (optional): 50%
Examination (3 hours, open book): 50% or 100%

Contact hours

3 hours per week

Prohibitions

BTF4001,BTF5131