Banking and Financial Instruments (LAWS5113)
UNIT OF STUDY
This unit aims to provide students with:
* An overview of the legal regulation and supervision of banks and other Authorised Deposit-taking Institutions (ADIs);
* An understanding of the legal basis of the relationship between banks, ADIs and their customers, and an overview of the more common rights and duties that adhere to the banker/customer relationship;
* An introduction to negotiable instruments (cheques and bills of exchange), letters of credit and performance bonds, and guarantees;
* An introduction to the Personal Property Securities Act 2009 and its impact on secured lending.
Further unit of study information
2x2-hr seminars/week for 10 weeks
Three options: 1) 2,500wd assignment (50%) and 1hr exam (50%); 2) 3,500 wd essay (50%) and 1 hr exam (50%); 3) 2hr exam (100%).
Faculty/department permission required?
Unit of study rules
Prerequisites and assumed knowledge
(LAWS1015 or LAWS1002 or LAWS5002) and (LAWS2004 or LAWS2015 or LAWS5015) and (LAWS2007 or LAWS2017 or LAWS5012)
LAWS3101 or LAWS3413
Study this unit outside a degree
If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.
If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.