Payment Systems

Credits: 3.00
Faculty: Neil B. Cohen

This course is an examination of the law governing payment of monetary obligations. Topics to be addressed include the law of negotiable instruments (notes and checks), bank deposits and collections, electronic fund transfers, and letters of credit. Sources of law include Articles 3, 4, 4A, and 5 of the Uniform Commercial Code and various federal statutes and regulations. Enrollment Note: Students who have taken Commercial Paper and Banking may not enroll in this course.

Grading and Method of Evaluation:

Letter grade with pass/fail option. Final exam.