Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should be able to demonstrate an ability to identify a legal problem in a banking context; demonstrate a detailed understanding of the legal relationships between a financial institution and its customers and legal problems; apply legal principles to solving practical day to day problems that arise in a banking or other financial institution context.
Synopsis The bank-customer relationship; types of account; current issues in banking law; negotiable instruments including cheques and bills of exchange; the duties and responsibilities of duties paying bank and the collecting banks; negotiable and allied instruments in international trade.
Assessment Assignment (3000 words): 30% + Examination (open-book 3 hours): 70%