Course Descriptions

Course catalog descriptions for courses offered in all currently published terms.

Law, History, Communication

 
LHC 507 Law of Finance and Banking
  1.5 hours Elective Terms Offered: W14(B)
  Advisory Prerequisites: No JDs or JD students may enroll 
   
 

Law of Finance and Banking --- This course focuses on the legal rules involved in short-term financing, with emphasis on three major types--accounts receivable financing, commercial paper (negotiable instruments), and secured transactions. Brief coverage is given to bank processing of commercial paper, and to debtor bankruptcy. Since many transactions involve more than one U.S. state or more than one nation, the first session covers the rules for determining where one can be sued and which State's or Nation's laws apply. One of the major commercial paper cases also illustrates how these "conflict of laws" rules work in that specific context.

Materials include applicable statutes, illustrative court cases, and test discussions. Two papers, class participation, and a final exam are required. Final grades are assigned on the basis of accumulated point totals from these four performance measures.