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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Commercial and Banking Law - LawShelf Educational Media

Descriptions and credit recommendations for all evaluated learning experiences

Length:

Various (self-study, self-paced).

Dates:

June 2021 - Present. 

Objectives:

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).

Length:

Various (self-study, self-paced).

Dates:

June 2021 - Present. 

Objectives:

Upon successful completion of the course, students will be able to: Describe the steps that have been taken by federal and state governments to protect consumers; Apply provisions in the Truth in Lending Act, the Equal Opportunity Credit Act, the Fair Credit Reporting Act and other laws to fact patterns; Determine whether advertisements and telephone solicitations are deceptive or otherwise illegal; Explain which disclosures are necessary in consumer credit transactions to satisfy various federal laws and regulations.

Instruction:

The Consumer Protection course takes an in-depth look at the multitudes of steps that have been taken to protect consumers from predatory practices of lenders, sellers, and other participants in the marketplace. The course focuses on the Truth in Lending Act, the Equal Opportunity Credit Act, the Fair Credit Reporting Act, and other state and federal laws that protect consumers. 

Credit recommendation:

In the lower division baccalaureate / associate degree category, 3 semester hours in Legal Technology, Introduction to Consumerism, Banking Laws, or Finance (6/21).

Length:

Various (self-study, self-paced).

Dates:

June 2021 - Present. 

Objectives:

Upon successful completion of the course, students will be able to: Explain the role of insurance in the economy and legal landscape; List and explain the roles of many types of insurance; Describe the process of filing and completing insurance claims; Define the various types of life insurance and differentiate between them; Apply many state and federal laws that regulate the insurance industry.

Instruction:

The Insurance Law course looks at the rules that govern many kinds of insurance and introduces students to the purposes that insurance fulfills and the regulatory landscape against which it is governed. It covers the regulation of insurance and discussions of many types of insurance, including health, life, fire, casualty, and automobile insurance.

Credit recommendation:

In the upper division baccalaureate degree category, 3 semester hours in Insurance Education, or Automobile, Personal and Commercial Insurance Laws (6/21).

Length:

Various (self-study, self-paced)

Dates:

June 2021 - Present. 

Objectives:

Upon successful completion of the course, students will be able to: Determine whether a contract is governed by UCC Article 2; Evaluate whether a contract for the sale of goods has been formed based on a given set of communication and determine which provisions apply, assuming a valid contract has been formed;  Determine which warranty or warranties apply to a contract for the sale of goods and the ramifications of that warranty; Apply the mirror image, repudiation, and other rules relevant to contracts for the sale of goods to given situations; Prescribe the appropriate remedy in the case of a breached contract for the sale of goods.

Instruction:

The Sales of Goods course comprehensively covers contracts for the sale of goods under Article 2 of the Uniform Commercial Code (UCC). The course covers the scope of UCC coverage, transactional elements of the formation of sales contracts, warranties on sales of goods, breached contracts for the sales of goods and remedies.

Credit recommendation:

In the upper division baccalaureate degree category, 2 semester hours in Business, Management, or Paralegal Studies (6/21).

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