Title: Going Beyond the Four Corners: Reflections on Teaching Letters of Credit as a Subset of International Banking Law
Abstract: The subject of letters of credit affords an ideal introduction to advanced commercial law studies. Rather than being taught as a traditional case oriented course, it is best taught by conducting students through discrete problem-oriented experiences that focus on transaction and litigation skills rather than theory. Otherwise, the basic principles underlying letter of credit law and practice are only superficially grasped. A practice-oriented approach will enable students to discover, interiorize, and apply letter of credit principles in a manner that leads to an appreciation of sound letter of credit law and practice. Such a setting readily reveals the degree to which vocabulary, legal obligations, relevant practice rules, laws, and related issues have been acquired and mastered.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
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