Lecture Business law with UCC applications (13/e): Chapter 18 - Brown, Sukys

Chapter 18 - Bank-depositor relationships and cyber-banking. After completing this chapter, students will be able to: Clarify the bank’s duties in the bank–depositor relationship, clarify the depositor’s duties in the bank–depositor relationship, explain a drawer’s rights in relation to a stop-payment order,...

Business Law with UCC Applications,13e Bank-Depositor Relationships and Cyber-Banking Chapter 18 McGraw­Hill/Irwin         Copyright © 2013 by The McGraw­Hill Companies, Inc. All rights reserved Learning Objectives Clarify the bank’s duties in the bank–depositor relationship Clarify the depositor’s duties in the bank– depositor relationship Explain a drawer’s rights in relation to a stoppayment order Explain the extent of the insurance protection provided by the FDIC List the different terms used to describe banks during the bank collection process 18­2 Learning Objectives (cont.) Outline a check’s life cycle Describe the principal features of the Check 21 Act Describe the consumer protection features of the Check 21 Act Describe the process of an electronic fund transfer 10.Discuss the protection given to consumers by the Electronic Fund Transfer Act 18­3 Bank-Depositor Relationships and Cyber-Banking • The Bank–Depositor Relationship – The Bank’s Duties – The Depositor’s Duties – Stop-Payment Rights – Insured Accounts 18­4 Bank-Depositor Relationships and Cyber-Banking • The Bank’s Duties – Duty to Honor Orders – Death or Incompetence of Customer – Forged and Altered Checks – Availability of Funds – Midnight Deadline 18­5 Bank-Depositor Relationships and Cyber-Banking • The Depositor’s Duties – Bad Checks – Duty to Examine Accounts – Antedated and Postdated Checks 18­6 Bank-Depositor Relationships and Cyber-Banking • Stop-Payment Rights – Bank’s Right of Subrogation 18­7 Bank-Depositor Relationships and Cyber-Banking • Bank Deposits and Collections – Bank Descriptions – A Check’s Life Cycle 18­8 Bank-Depositor Relationships and Cyber-Banking • Cyber-Banking – The Check 21 Act – Electronic Fund Transfers – The Electronic Funds Transfer Act – The Global Financial Cybercrisis 18­9 Bank-Depositor Relationships and Cyber-Banking • The Check 21 Act – Original Checks No Longer Returned – Consumer Protection 18­10 Bank-Depositor Relationships and Cyber-Banking • Electronic Fund Transfers – ATM, Debit, and Combination Cards 18­11 Bank-Depositor Relationships and Cyber-Banking • The Global Financial Cybercrisis – Global Cyber Targets and Cyber Tactics – Cyber Command (Cybercom) – Domestic Cyber Targets and Cyber Tactics – Internet Crime Complaint Center (IC3) – Domestic Cyber-Legislation 18­12 ... Subrogation 18? ?7 Bank-Depositor Relationships and Cyber-Banking • Bank Deposits and Collections – Bank Descriptions – A Check’s Life Cycle 18? ?8 Bank-Depositor Relationships and Cyber-Banking • Cyber-Banking... Transfer Act 18? ?3 Bank-Depositor Relationships and Cyber-Banking • The Bank–Depositor Relationship – The Bank’s Duties – The Depositor’s Duties – Stop-Payment Rights – Insured Accounts 18? ?4 Bank-Depositor... Cybercrisis 18? ?9 Bank-Depositor Relationships and Cyber-Banking • The Check 21 Act – Original Checks No Longer Returned – Consumer Protection 18? ?10 Bank-Depositor Relationships and Cyber-Banking