1. Introduction: Payments, Banking, and Laws. A. Payment Transactions and the Overall Book Plan. B. Banking and Payment System Architecture. C. Payment Law Sources: General Observations -- 2. The Banking Relationship. A. The Account Agreement. B. The Deposit of Funds. C. Management of Customers' Payments: Mandate, Agency, and Implied Terms. D. The Current Account -- 3. The Performance of the Mandate. A. Orders for the Disposition of Funds. B. Payment and Collection of Cheques. C. Credit Transfers. D. The Disposition of Funds Held in Non-depository Account-Holding Institutions -- 4. Third Party's Fraud: Breach of the Mandate and Misdelivery of Funds. A. Introduction. B. Allocation of Forged Cheques Losses. C. Unauthorized Electronic Funds Transfers. D. Forged Indorsements. E. Misdirected Credit Transfers
Summary
This is a study of the law governing the bank customer relationship pertaining to the disposition of funds by cheques and credit transfers, covering both paper based and electronic payments
