SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

General Luna Road, Baguio City

UB VISION
In pursuit of perfection, the University of Baguio is committed to provide balanced quality education by nurturing academic excellence, relevant social
skills and ethical values in a fun-learning environment.
UB MISSION
The University of Baguio educates individuals to be empowered professionals in a global community.
INSTITUTIONAL OBJECTIVES
The University of Baguio aims to produce a graduate who:
1. exemplifies a higher standard of learning;
2. manifests the mastery of relevant skills;
3. upholds a conduct that is rightful and just;
4. undertakes scientific and significant researches;
5. advocates sustainable programs for the community and the environment; and
6. leads and demonstrates exemplary performance in the field of specialization.

Course Number:

Course Description:

BUSLAW1 - 3 Units (lec)

The Law on Obligations and Contracts

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 1 of 7

SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

General Luna Road, Baguio City
SCHOOL MISSION
The University of Baguio educates individuals to be empowered professionals in a global community. The School of Business Administration and Accountancy edifies competitive and
morally upright individuals.
SCHOOL OBJECTIVES
The School of Business Administration and Accountancy aims to produce a graduate who:
1. cultivates the knowledge that is imperative for success in globalized setting;
2. displays expertise appropriate to the profession;
3. typifies professional integrity with humility;
4. undertakes researches to promote systematic bases for business decisions;
5. utilizes macro-environmental acumen for economic growth and development; and
6. exhibits commendable accomplishments in business and accountancy.
PROGRAM OBJECTIVES:
The Bachelor of Science in Accountancy Program aims to produce a graduate who:
P1. applies accounting knowledge to meet the demands of the business community;
P2. demonstrates high proficiency in the practice of the profession;
P3. conforms with the highest degree of ethical standards;
P4. employs researches to elevate professional knowledge and skills in sound business decisions;
P5. satisfies the demands of a dynamic industry for a better community;
P6. Typifies excellences in the practice of the accounting profession.
CORE VALUES:
1. Professional Ethics
2. Integrity
3. Objectivity and Independence
4. Professional Competence and Due Care
5. Confidentiality
6. Professional Behavior
7. Fairness
8. Transparency
9. Accountability
10. Hard Work
Course Number:

Course Description:

BUSLAW1 - 3 Units (lec)

The Law on Obligations and Contracts

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 2 of 7

11.
12.
13.
14.
15.

Honesty
Patience
Diligence
Innovativeness
Risk-taking

1. Program Learning Outcomes (PLO) vis a vis Program Objectives

PROGRAM
OBJECTIVES
P3
P4
P5

Program Learning Outcomes

P1
O1.
O2.
O3.
O4.
O5.
O6.
O7.
O8.

Students graduate to become professionals imbued with high moral/ ethical standards.
Graduates are highly competitive with their acquired knowledge, skills and values in the practice of their profession.
Graduates are confident of their academic and industry preparations and the entry competencies learned to tackle the rigors of the business world.
Students can carry out researches that can be utilized in the community and in the business profession.
Students recognize their responsibility and accountability as professionals and as workers in the community.
Students become aware of and strive for their physical, mental and spiritual well-being.
Students are prepared to meet the needs and demands of global employment without losing the Filipino spirit.
Students become aware of their responsibility to the environment and participate actively in environmental programs.

P2

P6

2. Course Objectives vis-a-vis Program Learning Outcomes

Course Objectives
COGNITIVE DOMAIN: At the end of the term the student should be able to:
C1. Enumerate and explain legal principles regarding obligations and contracts.
C2. Identify situations where the application of law is called for.
C3. Appreciate that the law maybe, at times, harsh but it is still the law and that ignorance thereof is not an excuse for noncompliance therewith.
C4. Recognize the obligation to respect the rights of others.
AFFECTIVE DOMAIN: At the end of the term the student should be able to:
C5. Develop responsiveness and sense of responsibility to the end that he realizes that every human being is responsible for his own
acts and shall suffer the consequences thereof or reap the fruits thereof, as the case maybe.
PSYCHOMOTOR DOMAIN: At the end of the term the student should be able to:
C6. Apply the legal basis in cases and situations in his/her life or interaction with others as young adults where the law on obligations
and contracts may be made relevant .
C7. Distinguish and correlate between his own rights and obligations as he reacts with society as a whole.
Course Number:

Course Description:

BUSLAW1 - 3 Units (lec)

The Law on Obligations and Contracts

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

O1

PROGRAM LEARNING OUTCOMES

O2
O3
O4
O5
O6
O7

O8

Page 3 of 7

Course Description:
This course covers the underlying legal principles and maxims in obligations and contracts.
Pre-requisite/s
English 101,102 and Philo 100
I.

DETAILED COURSE OUTLINE:

Session Learning
Objectives/Goals (SLO/G)

Content Topic

Outcomes Based
Methodologies/Strateg
ies & Approaches

Learning Outcomes

First Grading Coverage

At the end of the session
the student should be able
to internalize and apply the
basic concepts, kinds and
elements of laws in
general.

At the end of the session

the student should be able
to internalize and apply the
basic concepts and
various elements of
obligations.

Basic Concepts
a. Law, defined
b. Kinds of laws
c. Sources of laws

Obligations:
a. Basic Concepts
b. Elements
b.1 Consent
b.2. Object
b.3. Cause

-Lecture
Discussion-Case
Analyses

-Lecture
Discussion-Case
Analyses

At the end of the unit, the students

are expected to be able to:
1. explain the concepts of laws in
general
2.. identify the different kinds of
laws
3. identify and differentiate the
different sources of laws
At the end of the unit, the students
are expected to be able to:
1. explain the concepts of
obligations in particular
2. identify and differentiate the
different sources of obligations
4. identify the different elements
of an obligation

First Grading Examination

At the end of the session

the student should be able
to distinguish and define
the different classes of

Midterm Coverage
Classes of Obligations
a. Primary
b. Secondary

Time
Allotment

Values

Evaluative Measures

16 hrs
5 hours

Professional
competence

11 hours

Quiz
-Recitations

Professional
competence

Quiz
Recitations

Professional
competence

Quiz
Seatworks
Recitation

2 hrs
Subtotal: 18
hrs
16 hrs
-Lecture discussion
-Reading Assignments
-Case analysis

Course Number:

Course Description:

BUSLAW1 - 3 Units (lec)

The Law on Obligations and Contracts

At the end of the unit, the students

are expected to be able to:
differentiate the various kinds of
obligations

Effectivity: 1st Semester, SY 2013-2014

3 hours

Date Revised: May 29, 2013

Page 4 of 7

PRC TOS (if

applicable)

obligations.

At the end of the session

the student should be able
to distinguish and define
the different modes of
extinguishing obligations.

Modes of Extinguishing
Obligations
1. Payment or performance
2. Loss of the thing due
3. Condonation or remission
4. Compensation or set-off
5. Confusion or merger
6. Novation

-Lecture discussion
-Reading Assignments
-Case analysis

.
At the end of the unit, the students
are expected to be able to identify
the various modes of
extinguishing an obligation

Professional
competence

Quiz
Seatworks
Recitation

8 hrs

Professional
competence

Quiz
Seatworks
Recitation

3 hours

Professional
competence

Quiz
Seatworks
Recitation

5 hours

Professional
competence

Quiz
Seatworks
Recitation

13 hours

Midterm Examination

2 hrs
Subtotal: 18
hrs

Finals Coverage
At the end of the session,
the students are expected
to be able to define
contract and its various
elements.

At the end of the session,

the students should be
able to appropriately apply
the rules of interpreting
contracts, determine the
forms of contracts and be
familiar with the remedy of
reformation

At the end of the session,

the students are expected
to be able to distinguish
the various kinds of
defective contracts

Contracts: Basic Concept

1. Definition
2. Elements

1. Interpretation of contracts
2. Form of contracts
3. Reformation of contracts

Defective contracts
1. Rescissible contracts
2. Voidable contracts
3. Unenforceable contracts
4. Void contracts

Lecture discussion
Reading Assignments
Case analysis

Lecture discussion
Reading Assignments
Case analysis

Lecture discussion
Reading Assignments
Case analysis

At the end of the session, the

students are expected to
1.be familiar with the basic
concepts related to contracts
2. be able identify the various
kinds of contracts and their
respective elements
At the end of the session, the
students are expected to be able
to
1. apply the rules of interpreting
contracts
2. identify the proper format for
particular contracts
3. identify the instances when
reformation is a proper remedy
At the end of the session, the
students are expected to be able
to identify the different kinds of
defective contracts and the
causes of their respective defects

Final Examinations
Course Number:

Course Description:

BUSLAW1 - 3 Units (lec)

The Law on Obligations and Contracts

2 hrs
Subtotal: 18hrs
Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 5 of 7

Final Examination

II.

2 hrs
Subtotal: 18hrs
TOTAL: 54
HRS

GRADING SYSTEM:

For Professional Board Examination Subjects: the cut-off score is 70%. The highest possible grade is ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest failing grade
is sixty-five (65).
First grading Class standing = 70 % ; Exam = 30 %
Midterms
Class standing = 60 % ; Exam = 40 %
( Tentative Midterm Grade x 2 + First Grading ) / 3 = Midterm Grade
Finals
Class standing = 50 % ; Exam = 50 %
( Tentative Final Grade x 2 + Midterm Grade ) / 3 = Final grade

III.

REFERENCES:
Textbooks: De Leon, H. S. (2010). The Law on Obligations and Contracts, Quezon City: REX Printing Company, Inc.

References:
A. Books
Black's law dictionary (8th ed) (2007). St. Paul, MN. : West Pub.
TH
De Leon, Hector S. (2010). (5 ed). Comments and cases on obligation and contract.. Manila: Rex
th
Jurado, Desiderio P. (2010). (12 ed.). Comments and jurisprudence on obligations and contracts. Manila: Rex,
Salao, Ernesto C. Law Dictionary.(2009) Manila: Rex
Suarez,, Carlos B. (2011) (2001 Ed)The law on obligations and contracts: for business students. Manila: GIC
B. Journals / Magazines
C. Electronic Sources

Course Number:

Course Description:

BUSLAW1 - 3 Units (lec)

The Law on Obligations and Contracts

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 6 of 7

Prepared by:
ACC/TAX/BL/BA GROUP

Noted by:

MS. ALLYN C. GARIBAY

Assigned Librarian

MR. RHAD VIC F. ESTOQUE, MBA, CPA

Program Chair

MS. RUBY R. BUCCAT, MBA

Program Chair

Approved by:

DR. KAREEN B. LEON, CPA

Dean, UB SBAA
Course Number:

Course Description:

BUSLAW1 - 3 Units (lec)

The Law on Obligations and Contracts

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 7 of 7