An introduction to basic American Law, presenting the rules of law which underlie banking. Topics include jurisprudence, the court system on civil procedure, contracts, quasi-contracts, property, torts and crimes, agencies, partnerships, corporations, sales of personal property, commercial paper, bank deposits and collections, documents of title, and secured transactions.
Emphasis is on the Uniform Commercial Code.
To give the student an overview of the legal aspects of banking. This course is designed to equip the student with a non-technical, clear understanding of all aspects of the legal system that directly affects banks.