Offered
Caulfield First semester 2008 (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
Within semester assessment: 30%
Examination (3 hours, open book): 70%
Contact hours
3 hours per week
Prohibitions
BTF4001, BTF5131