LAW 585 - Commercial Transactions

3 units (fi 6)(EITHER, 3-0-0)

Commercial law is the body of law that governs commercial dealings between business entities. This course explores the legal rules and principles that govern four highly significant types of commercial transactions. Sales law deals with the implied terms, passage of property and other related issues under a contract for the sale of goods. Negotiable instruments law covers cheques, bills of exchange and promissory notes. Securities transfer law deals with both direct and indirect holding systems for the holding and transferring of shares bonds and other forms of investment property. The law of guarantees deals with contractual undertakings to answer to another person's default.

LAW 587 - Personal Property Security Law

3 units (fi 6)(EITHER, 3-0-0)

The course will provide an in-depth analysis of the law of secured transactions in personal property. The salient features of the Alberta Personal Property Security Act will be examined, including topics on the scope of the Act, security agreements, the concepts of attachment and perfection, the priority of security interests in relation to other interests, proceeds and enforcement of security interests.