557
LAW

Negotiable Instruments, Payment Systems and Credit Instruments

Law School Description

This course offers a study of the Uniform Commercial Code provisions that deal with commercial paper (Article 3), bank collections and deposits (Article 4), funds transfers (Article 4A) and letters of credit (Article 5), as well as material on alternative payment systems, including credit cards, electronic fund transfers and related federal law. Topics include negotiability, the holder-in-due-course doctrine, the demise of the holder-in-due-course doctrine in consumer transactions, allocation of risk for forgery and fraud, the bank-customer relationship, letters of credit, unauthorized use of credit cards, and risk of loss in funds transfers.

UH Mānoa Catalog Description

A study of the Uniform Commercial Code provisions that deal with commercial paper (Article 3), bank collections and deposits (Article 4), funds transfers (Article 4A) and letters of credit (Article 5), as well as material on alternative payment systems, including credit cards, electronic fund transfers and related federal law.

Typical Course Credit

2

Credit Limit

3

Repeat Limit

Not Repeatable

Instructor Approval

No

Competition

No

Assigned Sections

No

Bar Course

Full

Clinical Requirement

No

Category

Business/Commercial

Tentative Course Rotation

Full Time
Annually
Spring
Part Time
Every Other Year
Spring

Effective Since

Spring
1997

Offering

Regular

Schedule Type

Lecture/Discussion (LED)

Major Restrictions

Law