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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Center for Financial Training | Evaluated Learning Experience

Law and Banking Principles LBP201


55 hours (11 weeks).

Various; distance learning format.

April 2024 - Present. 

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of this course, students will be able to: identify concepts and application of laws affecting business, consumers and individuals; outline the legal system and alternatives to it, such as alternative dispute resolution; explain the formation of contracts, and their enforceability, defenses and remedies for breach; describe real and personal property and their applications to business; and discuss wills, trusts and elder law issues.


Instruction is facilitated by an instructor who guides students through each lesson and is available to answer questions and provide feedback on assignments. Each week, students receive an assignment over the Internet that includes reading assigned chapter(s) from the textbook. Students complete a short assignment that is forwarded electronically to instructors or posted it to the electronic class Discussion Board while also taking a self-check test. Additionally, students collaborate with other students on some assignments using electronic discussion boards, chat rooms, and e-mail. The 11-week course requires a mid-term examination and final examination which are delivered electronically. Overall grades for the class are based on student performance on the weekly assignments, mid-term examination and the final examination. Major topics include Ethics, Law and the Judicial System; the Judicial Process; Criminal Law; Tort Law; the Essentials of Contract Law; Contractual Capacity; Legality; Written Contracts; Third Parties in Contract Law; Title and Risk of Loss in Sales of Goods; Performance and Breach of the Sales Contract; Warranties and Product Liability; Bailments; Real Property; Wills; Trusts; and Estates.

Credit recommendation: 

In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Business Law, Management, Marketing, or Entrepreneurship (4/24).