Course

Commercial Finance - LAWS3024

Faculty: Faculty of Law

School: Faculty of Law

Course Outline: See below

Campus: Sydney

Career: Undergraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 3

Enrolment Requirements:

Pre-requisites: Commercial Law (LAWS3018/JURD7318) and Business Associations (LAWS1091/LAWS2010/JURD7224). Co-requisite: Resolving Civil Disputes (LAWS2371/JURD7271) OR Litigation 1 (LAWS2311/JURD7211).

Excluded: JURD7324, LAWS3096

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

Description

Commercial Finance LAWS3024 is an Undergraduate Elective which introduces students to the financing of transactions entered into by businesses in Australia.

As a 6 unit elective, Commercial Finance aims to provide an introduction to some principal areas of commercial law of general relevance to legal practice and of particular relevance to those interested in finance.

Recommended Prior Knowledge

Completion of LAWS2033 or LAWS3133 The Law of Banking or concurrent enrolment is recommended.
Pre-requisite: LAWS3018 Commercial Law
Note: Students who have not completed Commercial Law can enrol but will need to do substantial preparation before the course commences.

Main Topics

  • Sales finance by way of retention of title clauses (building on material covered in Commercial Law LAWS3018;
  • Commercial bills and letters of credit (although not to the extent that a LAWS3133 The Law of Banking elective does);
  • The law on securities over personal property including priorities, including the new Personal Property Securities Act regime;
  • An introduction to the law of company charges;
  • An introduction to commercial finance in e-commerce; security over intangibles and electronic title v electronic registration regimes.
Notes:
This course may be studied on its own but students wishing to complete an introductory study of banking law should take LAWS3133 The Law of Banking as well.
Bankruptcy is now covered in Insolvency Law - LAWS3014

Assessment

Class participation (20%)
And any two of:
  • Mid-session examination (40%)
  • Research essay (40%)
  • Final exam (40%)

Course Texts

Prescribed
  • Commercial Law Commentary and Materials (Gail Pearson, Simon Fisher, Elisabeth Peden, GJ Tolhurst) 3rd Ed. ISBN: 978045522628
  • Students should also purchase a copy of LAWS3024 Supplementary Reading Materials from the UNSW Bookshop

Recommended
  • Everett and McCracken’s Banking an d Financial Institutions Law (Sheelagh McCracken and Anna Everett) 7th ed. (Lawbook Co.)
  • Commercial Law (Samantha Traves) 2nd Ed ISBN: 9780409325362 2.
  • Goode on Commercial Law, Edited and Fully Revised by Ewan McKendrick 4th Ed. (Penguin Books)
  • Australian Commercial Law (Clive Turner) 27th Ed. ISBN:9780455225753
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