Course Listing

Credit & Security
Last Updated Date:   8 June 2023


5 Units,  Semester 1

Course Description:
This course examines the grant of credit and the taking of security. Two thirds of the course focuses on secured credit, and consists of a detailed examination of the system of taking security over personal property in Singapore. Formal security such as pledges, chattel mortgages, assignments of choses in action and company charges; as well as quasi-security devices such as retention of title and factoring, are analysed to assess their use and efficacy. Singapore's system of form over substance is examined in the context of international developments, in particular the enactment of comprehensive personal property security statutes in various jurisdictions which take a more functional approach. The remaining one third of the course discusses forms of lending, ranging from unsecured loans by moneylenders to bank loans, overdrafts and syndicated loans.

Course Convenor: A/P Neo Swee Suan, Dora

Co-teacher(s): NA

Course Codes: LL4019V / LL5019V / LL6019V / LLJ5019V

Contact Hours: 3hrs continuous weekly seminar

Workload: 3 hours

Mode of Assessment: Class Participation -10%; Written Assignment - 20% & Final Exam - 70%

Preclusions: Not open to students who have taken or are taking Secured Transactions Law [LL4148/LL5148/LL6148]

Prerequisites: (a) NUS Compulsory Core Law Curriculum or equivalent. (b) Company Law or its equivalent in a common law jurisdiction (may be taken concurrently).

Examination Date: Thursday, 30 November 2023 (AM)

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