Program 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.
After successfully completing this course, the student 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
- Describe legal entities such as sole proprietorships,
partnerships, corporations, agents, principals,
estates, and more
- 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
Who Should Attend:
Personnel who are new to banking or require a
refresher course on the legal basis for many banking
laws governing products, services and transactions.
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