AIB Law and Banking: Principles
Course Code: 3660
Length: 13 Weeks
Audience: This course is designed for personnel who are new to banking or require a refresher course on the legal basis for many banking laws governing products, services and transactions.
Description: This newly updated AIB course is a foundation on the business law principles underlying banking law as well as a description of the context for and process of creating banking law and regulations. Knowing the basics of business law enables every banker to more easily understand laws pertaining to bank products, services and transactions.
Objectives: After successfully completing this program, you will be able to:
- Explain the legal and regulatory system by which laws and regulations are made and banks are governed
- Describe the Uniform Commercial Codes Articles 3, 4, and 9
- Distinguish between civil law and criminal law, torts and crimes
- Explain concepts such as of legal capacity, obligation, authority, responsibility and liability
- Explain the elements, types of, and rules for interpretation of contracts
- Understand real and personal property ownership, ways property is transferred or acquired, major types of property interests, and more
- Describe the UCC Article 3 rules for negotiable instruments, the rules of negotiation and more
- Explain UCC Article 4 requirements for transfer of negotiable instruments, the rules for banks in the collection process, the affect of Check 21, and more
Text Book: This course uses Law and Banking, 2005 , ABA (This textbook is used for both the Law and Banking: Applications and Law and Banking: Principles online courses. If you purchased the book for one of the courses, you should register for the second course without the textbook.)
Recommended Course Credits: AIB: 3.0; ICB: (CCTS or CLBB) 45.0
ACE College Credit Recommendation: In the lower division baccalaureate/associate degree category, 3 semester hours in Business Law
Prerequisites: None
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.