Payment Systems

Course Number: 501G

Description: This course examines negotiable instruments under Article 3, bank deposits and collections pursuant to Article 4, funds transfers under Article 4A, and letters of credit under Article 5 of the UCC. The course also will cover various federal regulations, including those providing rules on check clearing, electronic fund transfers, and improper credit card use. Students who have taken commercial Transactions (LAW 501C) may be ineligible to take this course, so approval from the professor must be obtained to enroll.


Prerequisite(s): Contracts, Contracts I, Contracts II