News Contact Search Help Index.html
Lackawanna College logo

Prospective Students
Current Students
Parents
Financial Aid
Alumni
Institutional Advancement
Faculty & Staff
Continuing Education
The College
Academics
Athletics
The Mellow Theater
Police Academy
Home

Boy and girl at the library
Girl in hallway reading Boy reading book 2 girls walking with books Girls in dorm room studying


Degrees

BNK 207 Law and Banking II: Applications Course Objectives

After successfully completing this course, a student will be able to:

  1. Discuss the role of federal and state agencies in the regulation of banking and explain the basic legal relationship between banks and their customers
  2. List the essential elements of negotiable instruments and explain UCC considerations for negotiability
  3. Describe the rights of a holder in due course and explain how the law governing negotiable instruments protects the free circulation of the instruments in the marketplace
  4. Explain the UCC requirements for an item to be properly payable and list the liability and damages banks face for wrongful payment or dishonor
  5. Describe a bank’s defenses against liability for forged signature and forged endorsement claims under various circumstances
  6. List the parties to a letter of credit and review their obligations and liabilities.