Law of Bank Payments provides a practical guide to the law of suretyship in modern commercial practice. It examines banking law problems based upon an understanding of the concept and practicalities of payment.
As well as defining what a payment actually is, this important text considers money payments and payment by cheque and funds transfer, and covers plastic money (cheque cards, debit cards, credit cards and charge cards) and the Consumer Credit Act 1974 and 2006.
Now in its 4th edition, Law of Bank Payments serves as a valuable reference for solicitors and barristers seeking to advise their clients on the mechanics and legal implications of the different forms of bank payments. The new edition includes a foreword by Mr Justice Andrew Smith.
NEW DEVELOPMENTS COVERED
· New EC Directive on Payments Systems
· Payment Systems Task Force: cheques
· Consumer Credit Act 2006
· New Banking Conduct of Business Rules
· Money Laundering (Proceeds of Crime Act 2002)
· Gambling Act 2005
· Recovery of money paid under a mistake and the defences available to the recipient (such as estoppel and change of position)
· Dishonesty in cases of dishonest assistance
· Knowing receipt of trust moneys
