COURSE NUMBER & NAME: 323 Commercial Paper

CREDIT HOURS: Three (3) REQUIRED: no ELECTIVE: yes

PREREQUISITES (Required): Business Organization I

PREREQUISITES (Advised): NONE

WHEN OFFERED: Spring semester.

SUBSTANTIVE COVERAGE AND OBJECTIVES OF COURSE:

The law of commercial paper is concerned with the facilitation of banking and other commercial transactions through the use of negotiable paper. The course focuses on Articles 3, 4, and 4A of the Uniform Commercial Code and on relevant federal legislation affecting payment systems.

RELATION TO OTHER OFFERINGS IN CURRICULUM:

This course is related to other commercial and corporate law courses in the curriculum.

RELATION TO BAR EXAM SUBJECTS:

The subject has been tested on the Tennessee Bar Exam.

RELATION TO CAREER OPPORTUNITIES:

This course is an important complement to anyone developing a specialization in commercial and corporate law, especially one considering a banking practice.