Monash University Handbook 2010 Postgraduate - Unit

Synopsis

Topics include legal background to financial systems; banker and customer; negotiable instruments, guarantees, capacity and authority to borrow and grant security; lending on the security of land; lending on the security of goods; 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%

Chief examiner(s)

Rhett Martin

Contact hours

3 hours per week

Prohibitions

BTX4001, BTX9380