Credit units: 3
Offered: Either Term 1 or Term 2
Weekly hours: 3 Lecture hours
Department: Law (Dean's Office)
The course explores the law governing a variety of payment and transfer systems. The relationship between a depository bank and its customer is the initial focus, including a bank’s right of set-off against its customer’s deposit account (a key form of payment mechanism). Significant attention is devoted to the legal and regulatory infrastructure underlying Canada’s two principal monetary payment systems, the Automated Clearing & Settlement System (ACSS) and the Large Value Transfer System (LVTS), as well as the statutory regimes of the federal Bills of Exchange Act (BEA) (which pertains to the transfer of payment rights in bills of exchange, promissory notes and cheques), the provincial Securities Transfer Act (STA) (which pertains to the transfer of rights in financial assets including share certificates, bearer bonds, and electronically held securities) and the provincial Personal Property Security Act (PPSA) (which pertains to transfers of accounts). Finally, students will learn about other modern payment systems and mechanisms (e.g. PayPal, Bitcoin, Interac, Credit Card), gaining familiarity with the general infrastructure and processes underlying such systems and mechanisms (e.g. PayPal, Bitcoin, Interac, Credit Card), gaining familiarity with the general infrastructure and processes underlying such systems and mechanisms.
Upcoming class offerings
The syllabus is a public document that provides detail about a class, such as the schedule of activities, learning outcomes, and weighting of assignments and examinations.
Once an instructor has made their syllabus publicly available on USask’s Learning Management System, it will appear below. Please note that the examples provided below do not represent a complete set of current or previous syllabus material. Rather, they are presented solely for the purpose of indicating what may be required for a given class. Unless otherwise specifically stated on the content, the copyright for all materials in each course belongs to the instructor whose name is associated with that course. The syllabus is the intellectual property of instructors or the university.