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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

LawShelf Educational Media | Evaluated Learning Experience

Commercial Payments (COM-201)

Length: 

Various (self-study, self-paced).

Location: 
Various; distance learning format.
Dates: 

June 2021 - Present. 

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of the course, students will be able to: Define negotiable instruments and differentiate between the various types of instruments; Determine the liabilities and responsibilities of various parties to instruments and notes; Describe the process of settling and collecting on a check; Apply the UCC rules on electronic fund transfers, credit and debit cards; Explain letters of credit and the UCC rules and regulations that govern them.

Instruction: 

The Commercial Payments course is a comprehensive course on Uniform Commercial Code (UCC) Banking Law. It focuses on the laws under the UCC’s Articles 3, 4, and 5 that affect commercial paper, negotiable instruments, and other payment systems.

Credit recommendation: 

In the lower division baccalaureate / associate degree category, 2 semester hours in Business Transactions, Secured Transactions, or Banking Laws (6/21).

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