TBF2601

Banking law

Mr Richard Morgan

6 points
* 3 hours per week
* First and second semester (Caulfield)
* Second semester (Distance)
* Prerequisites: AFX1300 and TBX1010

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%

Prescribed texts

Edwards R and Tucker S Understanding cheques and payment orders Serendip Publications, 1986
Weerasoonia W S Banking law and the financial systems in Australia 4th edn, Butterworths, 1996