LawShelf Educational Media | Evaluated Learning Experience
Commercial Payments (COM-201)
Various (self-study, self-paced).
June 2021 - Present.
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.
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.
In the lower division baccalaureate / associate degree category, 2 semester hours in Business Transactions, Secured Transactions, or Banking Laws (6/21).