LawShelf Educational Media | Evaluated Learning Experience
Commercial Payments (COM-201)
Versions 1 and 2: Various (self-study, self-paced).
Version 1: June 2021 - November 2021. Version 2: December 2021 - Present.
Version 1 and 2: 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.
Version 1: 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. Version 2: Same as version 1 with expanded academic readings and assessments including case studies.
Version 1: In the lower division baccalaureate / associate degree category, 2 semester hours in Business Transactions, Secured Transactions, or Banking Laws (6/21). Version 2: In the lower division baccalaureate / associate degree category, 3 semester hours in Business Transactions, Secured Transactions, or Banking Laws (11/21 administrative review).