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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:

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

Dates:

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

Objectives:

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). 

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; and 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:

December 2021 - Present.

Objectives:

Upon completion of this course, students will be able to:  discuss the areas of law most relevant to online activity and transactions; apply the laws of copyrights and trademarks to content posted online; identify torts and crimes that may apply to certain online activity; and apply the constitutional protections of freedom of speech (and similar freedoms) to online activity.

Instruction:

This course focuses on a variety of legal topics as they relate to online communications, agreements, and transactions. It covers components of contract, tort, criminal, intellectual property, and constitutional law. 

Credit recommendation:

In the upper division baccalaureate degree category, 3 semester hours in Cyber Law (6/21).

Length:

Various (self-study, self-paced).

Dates:

December 2021 - Present.

Objectives:

Upon completion of this course, students will be able to:  apply contract law to e-commerce transactions; describe various privacy protections the protect details of online activity and transactions; explain the regulations that protect consumers from spam, spyware and other online hazards; determine when states may and may not tax online transactions and provide a summary of the general state laws in this area; describe samples of state and federal regulations of online transactions.

Instruction:

The E-Commerce Regulation course focuses on regulations that protect consumers in the online marketplace. The course covers protection of privacy for online transactions. It also focuses on taxation and regulation of online transactions.

Credit recommendation:

In the upper division baccalaureate degree category, 3 semester hours in E-Commerce or Commercial and Banking Law (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; and 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:

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

Dates:

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

Objectives:

Version 1 and 2: 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; and prescribe the appropriate remedy in the case of a breached contract for the sale of goods.

Instruction:

Version 1: 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. Version 2: Same as Version 1 with expanded academic readings and assessments including case studies.

Credit recommendation:

Version 1: In the upper division baccalaureate degree category, 2 semester hours in Business, Management, or Paralegal Studies (6/21).Version 2: In the upper division baccalaureate degree category, 3 semester hours in Business, Management, or Paralegal Studies (11/21 administrative review).

Length:

Various (self-study, self-paced). 

Dates:

December 2021 - Present.

Objectives:

Upon completion of this course, students will be able to: explain the role of the UCC Article 9 in governing transactions secured by collateral; distinguish between the types of security interests and explain how each can be perfected; determine which security interest has priority when multiple creditors are secured by the same collateral; allocate proceeds from the sale of collateral amongst secured creditors; and explain the process of default on security interests and the process of repossession.

Instruction:

The Secured Transactions course focuses on loans secured by collateral in the form of movable property; the counterpart to mortgages, which are loans secured by real estate. Secured transactions are governed by Article 9 of the Uniform Commercial Code (UCC) and therefore the focus of this course is on the provisions of the UCC. The course also studies examples and case studies.

Credit recommendation:

In the upper division baccalaureate degree category, 3 semester hours in Commercial and Banking Law (6/21). 

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