Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedCaulfield First semester 2010 (Evening)
Coordinator(s)Mr Rhett Martin


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.


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.


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

Chief examiner(s)

Rhett Martin

Contact hours

3 hours per week


BTX4001, BTX9380