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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: 

Versions 1 and 2: Various (self-study, self-paced).

Location: 
Various; distance learning format.
Dates: 

Version 1: June 2021 - November 2021. Version 2: December 2021 - Present.  

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

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; and explain letters of credit and the UCC rules and regulations that govern them. 

Instruction: 

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. 

Credit recommendation: 

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). 

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