Common Planner
K–12 Standards

Banking and Finance Law: Grades 10, 11, 12

Other Arkansas CTE sets

Sources of Law

  • 1.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions1.1.1

  • 1.2

    Discuss the U.S. Constitution

    1. 1.

      Explain how the U.S. Constitution operates to protect the rights of individuals1.2.1

  • 1.3

    Discuss the development of the Uniform Commercial Code

    1. 1.

      Explain how the UCC affects the economy1.3.1

Banking Law in Action

  • 2.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions2.1.1

  • 2.2

    Discuss the history of banking regulations

    1. 1.

      Explain why regulation of banks is important2.2.1

  • 2.3

    Identify various agencies that regulate banks

    1. 1.

      Explain the authority of each regulatory agency2.3.1

  • 2.4

    Explain the court system

    1. 1.

      Diagram the flow of the federal and state court systems2.4.1

Torts and Crimes

  • 3.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions3.1.1

    2. 2.

      Identify the differences between a tort and a crime3.1.2

  • 3.2

    List the types of torts encountered in banking

    1. 1.

      Discuss the types of torts encountered in banking3.2.1

  • 3.3

    List the types of crimes encountered in banking

    1. 1.

      Discuss the types of crimes encountered in banking3.3.1

Legal Entities

  • 4.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions4.1.1

  • 4.2

    Identify the various entities with which banks do business

    1. 1.

      Discuss the differences among the entities4.2.1

Contracts

  • 5.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions5.1.1

  • 5.2

    Identify the elements of a valid contract

    1. 1.

      Discuss the elements of a valid contract5.2.1

  • 5.3

    Discuss void and voidable contracts

    1. 1.

      Given examples of contracts, identify each as void or voidable5.3.1

  • 5.4

    Explain the proper form of a contract

    1. 1.

      Diagram the written elements of a contract5.4.1

  • 5.5

    Discuss performance of a contract

    1. 1.

      Identify excuses for nonperformance of a contract5.5.1

  • 5.6

    Discuss breach of contract

    1. 1.

      Identify the remedies for a breach of contract5.6.1

Real and Personal Property

  • 6.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions6.1.1

  • 6.2

    Identify real and personal property

    1. 1.

      Discuss the differences between real property and personal property6.2.1

    2. 2.

      Name eight ways in which personal property may be acquired6.2.2

  • 6.3

    Discuss bailments

    1. 1.

      Identify the three major types of bailments6.3.1

    2. 2.

      Identify the obligations of the bailer and bailee in a bailment situation6.3.2

  • 6.4

    Discuss the interested parties in real estate

    1. 1.

      Differentiate among the various interested parties in real estate6.4.1

Bankruptcy

  • 7.1

    Define terminology

    1. 1.

      Prepare a list of terms with definitions7.1.1

  • 7.2

    Discuss bankruptcy

    1. 1.

      State the goal of a bankruptcy7.2.1

    2. 2.

      Describe the process of declaring a bankruptcy7.2.2

  • 7.3

    Discuss rights and responsibilities under bankruptcy

    1. 1.

      Identify trustees' rights and responsibilities7.3.1

    2. 2.

      Identify creditors' rights and responsibilities in bankruptcy7.3.2

    3. 3.

      Identify debtors' rights and responsibilities in bankruptcy7.3.3

Federal Regulations

  • 8.1

    Discuss Truth in Lending Act

    1. 1.

      State how Regulation Z relates to the Truth in Lending Act8.1.1

    2. 2.

      Identify the requirements of Regulation Z8.1.2

  • 8.2

    Discuss Fair Credit Billing Act

    1. 1.

      Identify when the Fair Credit Billing Act is applicable8.2.1

  • 8.3

    Discuss Consumer Leasing Act

    1. 1.

      Identify the items that are required to be disclosed before a lease is signed8.3.1

  • 8.4

    Discuss Equal Credit Opportunity Act

    1. 1.

      Identify the types of discrimination that are illegal under the ECOA8.4.1

  • 8.5

    Discuss Real Estate Settlement Procedures Act

    1. 1.

      Identify the four specific goals of the RESPA8.5.1

  • 8.6

    Discuss Fair Credit Reporting Act

    1. 1.

      Identify the purpose for which a credit report can be issued8.6.1

    2. 2.

      Explain a consumer's rights to revise a credit report8.6.2

    3. 3.

      Explain a consumer's rights to dispute the completeness of a credit report8.6.3

  • 8.7

    Discuss Fair Debts Collection Act

    1. 1.

      Explain how the Fair Debts Collection Act applies to banks8.7.1

    2. 2.

      Identify the practices that are prohibited in collecting debts8.7.2

Frequently asked questions

What grade levels do these standards cover?
Grade 10, Grade 11, and Grade 12
When were these standards adopted?
2005
Where can I read the official document?
Banking and Finance Law

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