Banking law
Mr Richard Morgan
6 points
* 3 hours per week
* First, second semester
* Caulfield
* Prerequisites: FIN1010 and FIN1300
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 the paying banks and the collecting banks; negotiable and allied instruments in international trade.
Assessment Assignment (3000 words): 30%
* Examination (3 hours
open-book ): 70%
Prescribed texts
Edwards R and Tucker S Understanding cheques and payment orders Serendip Publications, 1986
Weerasoonia W S Banking law and the financial system in Australia 4th edn, Butterworths, 1996
| Published by Monash University, Clayton, Victoria
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