Monash University Handbook 2010 Undergraduate - Unit

Synopsis

Aspects of the legal environment that affects financial decisions, transactions and relationships. Topics covered are chosen from the laws regulating the financing implications of different forms of business organisation; financial institutions; cheques, banking and the banker-customer relationship; electronic funds transfer; other negotiable instruments; the laws regulating business finance and security; hire-purchase and consumer credit; guarantees; bankruptcy and insolvency law, and debt recovery.

Objectives

The learning goals associated with this unit are to:

• examine the core legal principles underlying the banker customer contract
• discuss the legal nature and uses of cheques
• define the legal issues in taking security for a loan with reference to mortgages and company charges
• examine key aspects of corporate and personal insolvency and its consequences
• evaluate and apply this knowledge to real world, practical examples.

Assessment

Within semester assessment: 30%
Examination (3 hours, open-book): 70%

Chief examiner(s)

Rhett Martin

Contact hours

One 2-hour lecture and one 1-hour tutorial per week

Prerequisites

BTW1200 or equivalent

Prohibitions

BTC3200, BTC4320