Father Saturnino Urios University

ACCOUNTANCY PROGRAM
Course Syllabus
I. Course Code: BL 121
II. Course Title: Law on Obligations & Contracts (with Sales) (Law on Business Transactions)
III. Course Description:
This course provides an understanding of the legal concepts and rules governing business transactions, namely: obligations, contracts, and sales.
IV. Course Outcomes:
After completing this course, the students will be:
a. Oriented with the basic precepts of Philippine legal system;
b. Knowledgeable about provisions in the Civil Code of the Philippines governing business transactions;
c. Able to answer some problems in the past CPA Licensure Examinations;
d. Able to analyze case problems in the Supreme Court Rulings; and
e. Able to appreciate business laws and apply the knowledge gained to relevant situations.
V. Duration/Credits: Three (3) units
VI. Pre-Requisite/Co-Requisite: None
VII. Content Outline:
DATE TEACHING
LEARNING INSTRUCTIONAL ASSESSMENT
PGA/PGO TOPIC CONTENT OF LEARNING REMARKS
OUTCOMES MATERIALS TASKS
CLASS ACTIVITIES
By the end of Critically and A. Obligations Textbooks  Students will be  Oral
lesson, the creatively discerning 1. General legal asked to discuss presentation
students must (IGA11) concepts of Case problems their  Case study
have: enforceable rights found in the understanding of analysis
A. Discussed Exhibit competence in and obligation Supreme Court the Philippine presentation
the nature of knowledge and skills in 1.1 Types of laws Rulings legal system  Moving quiz
the Philippine their various 1.1.1
legal system professions (IGO21) Constitutional laws  Research and
B. Appreciate 1.1.2 brainstorming
the Equips the students Administrative laws sessions
application of with a foundation and and regulations
the topics general, organizational/ 1.1.3 Criminal
mentioned in business, accounting, laws
the topic finance (PGO1) 1.1.4 Civil laws
content 1.1.5 Fiscal laws
C. Answered 1.1.6 Mercantile
some (commercial laws)
multiple- including laws of
choice type credit
 DATE TEACHING
LEARNING INSTRUCTIONAL ASSESSMENT
PGA/PGO TOPIC CONTENT OF LEARNING REMARKS
OUTCOMES MATERIALS TASKS
CLASS ACTIVITIES
of problems. 1.1.7 Insolvency
and bankruptcy laws
(Financial
Rehabilitation and
Insolvency Act of
2010)
1.2 Sources of
obligations and their
concepts
1.2.1 Law
1.2.2 Contracts
1.2.3 Quasi-
contracts
1.2.4 Delicts
1.2.5 Quasi-delicts
A. Discussed Effective 1.3 National legal Textbooks  Students will be  Oral
the nature of communicator (IGA4) system asked to discuss presentation
the Philippine 1.3.1 The system Case problems their  Case study
legal system Demonstrate of courts and the found in the understanding of analysis
B. Appreciate persuasive administration of Supreme Court the Philippine presentation
the communication skills in justice Rulings legal system  Moving quiz
application of expressing complex 1.3.2 Case laws
the topics ideas to diverse and/or legislation and  Research and
mentioned in audience (IGO11) regulations affecting brainstorming
the topic enterprises sessions
content Develops in students 1.3.3 Precedents
C. Answered intellectual, and statutory
some interpersonal and interpretations
multiple- communication skills (Disputes and the use
choice type (PGO2) of experts)
of problems. 1.4 The nature,
purpose, scope and
key principles of
national legislation,
directives and case
 DATE TEACHING
LEARNING INSTRUCTIONAL ASSESSMENT
PGA/PGO TOPIC CONTENT OF LEARNING REMARKS
OUTCOMES MATERIALS TASKS
CLASS ACTIVITIES
A. Discussed 2. Nature and effect Textbooks  Students will be  Oral
the nature of of obligations asked to discuss presentation
the Philippine 2.1 Specific Case problems their  Case study
legal system circumstances found in the understanding of analysis
B. Appreciate affecting obligations Supreme Court the Philippine presentation
the in general Rulings legal system  Moving quiz
application of 2.2 Fortuitous
the topics events  Research and
mentioned in 2.3 Fraud brainstorming
the topic 2.4 Negligence sessions
content 2.5 Delay
C. Answered 2.6 Breach of
some contract
multiple-
choice type
of problems.
PRELIM EXAM
A. Discussed Professionally 3. Different kinds of Textbooks  Students will be  Oral
the nature of accountable (IGA12) obligations under the asked to discuss presentation
the Philippine Civil Code Case problems their  Case study
legal system Demonstrate the ability 3.1 Pure and found in the understanding of analysis
B. Appreciate to make positive conditional obligations Supreme Court the Philippine presentation
the contribution to society 3.2 Obligations with Rulings legal system  Moving quiz
application of through the generation, a period
the topics integrations, 3.3 Alternative and  Research and
mentioned in development and facultative obligations brainstorming
the topic organizing creative 3.4 Joint and sessions
content work in the field of solidary obligations
C. Answered specialization (IGO25) 3.5 Divisible and
some indivisible obligations
multiple- Trains students to 3.6 Obligations with
choice type display transparency a penal clause
of problems. and accountability in 4. Extinguishment of
professional and obligation with special
personal dealings emphasis on
 DATE TEACHING
LEARNING INSTRUCTIONAL ASSESSMENT
PGA/PGO TOPIC CONTENT OF LEARNING REMARKS
OUTCOMES MATERIALS TASKS
CLASS ACTIVITIES
(PGO5) 4.1 Payment or
performance
4.1.1 Payment of
debts of money
4.1.2 Mercantile
documents as means
of payment
4.1.3 Special
forms or modes of
payment
4.2 Loss of thing due
4.3 Remission or
condonation
4.4 Confusion or
merger of rights
4.5 Compensation
4.6 Novation
MIDTERM EXAM
A. Discussed B. Contracts Textbooks  Students will be  Oral
the nature of 1. Concepts and asked to discuss presentation
the Philippine classification Case problems their  Case study
legal system 2. Elements and found in the understanding of analysis
B. Appreciate stages Supreme Court the Philippine presentation
the 3. General principles Rulings legal system  Moving quiz
application of of the law of contracts
the topics 3.1 Formation of a  Research and
mentioned in contract brainstorming
the topic 3.2 Contract sessions
content contents and terms
C. Answered including exclusion
some clauses
multiple- 3.3 Discharge of a
choice type contract
of problems. 3.4 Remedies for
failure to perform
 DATE TEACHING
LEARNING INSTRUCTIONAL ASSESSMENT
PGA/PGO TOPIC CONTENT OF LEARNING REMARKS
OUTCOMES MATERIALS TASKS
CLASS ACTIVITIES
contract terms
4. Freedom from
contract and limitation
5. Persons bound
6. Consent
6.1 Capacitated
persons
6.2 Requisites
6.3 Vices of consent
A. Discussed 7. Objects of
the nature of contracts Textbooks  Students will be  Oral
the Philippine 8. Considerations of asked to discuss presentation
legal system contracts Case problems their  Case study
B. Appreciate 9. Formalities of found in the understanding of analysis
the contracts Supreme Court the Philippine presentation
application of 10. Interpretation and Rulings legal system  Moving quiz
the topics reformation of
mentioned in contract  Research and
the topic 11. Defective brainstorming
content contracts sessions
C. Answered 11.1 Rescissible
some 11.2 Voidable
multiple- 11.3 Unenforceable
choice type 11.4 Void
of problems.
SEMI-FINAL EXAM
A. Discussed Critically and C. Contract of Sales
the nature of creatively discerning 1. Nature, Textbooks, case  Students will be  Oral
the Philippine (IGA11) characteristics and problems found in asked to discuss presentation
legal system kinds of sale the Supreme Court their understanding
B. Appreciate Exhibit competence in 2. Elements, forms, Rulings of the Philippine  Case study
the knowledge and skills in requisites and legal system analysis
application of their various perfection of a presentation
the topics professions (IGO21) contract of sale  Research and
mentioned in 3. Implied and
 DATE TEACHING
LEARNING INSTRUCTIONAL ASSESSMENT
PGA/PGO TOPIC CONTENT OF LEARNING REMARKS
OUTCOMES MATERIALS TASKS
CLASS ACTIVITIES
the topic Equips the students specified terms brainstorming  Moving quiz
content with a foundation and 4. Distinguished from sessions
C. Answered general, organizational/ 4.1 Dacion en pago
some business, accounting, 4.2 Cession in
multiple- finance (PGO1) payment
choice type 4.3 Contract for a
of problems. piece of work
4.4 Barter
5. Earnest money as
distinguished from
option money
A. Discussed Effective 6. Rights and Textbooks
 Students will be  Oral
the nature of communicator (IGA4) obligations of a seller
asked to discuss presentation
the Philippine 7. Rights and Case problems
their understanding
legal system Demonstrate obligations of a buyer found in the
B. Appreciate persuasive 8. Remedies of Supreme Court of the Philippine  Case study
legal system analysis
the communication skills in unpaid seller Rulings
application of expressing complex 9. Warranties (in presentation
 Research and
the topics ideas to diverse relation to consumer brainstorming
mentioned in audience (IGO11) laws)  Moving quiz
sessions
the topic 10. Sale with a right
content Develops in students to repurchase or
C. Answered intellectual, conventional
some interpersonal and redemption, legal
multiple- communication skills redemption
choice type (PGO2)
of problems.

A. Discussed 11. Sale on credit Textbooks

 Students will be  Oral
the nature of 12. Installment Sales
asked to discuss presentation
the Philippine 12.1 Personal Case problems
their understanding
legal system property-Recto law found in the
B. Appreciate 12.2 Real Property- Supreme Court of the Philippine  Case study
legal system analysis
the Maceda law Rulings
application of 12.3 PD presentation
 Research and
 Moving quiz
 DATE TEACHING
LEARNING INSTRUCTIONAL ASSESSMENT
PGA/PGO TOPIC CONTENT OF LEARNING REMARKS
OUTCOMES MATERIALS TASKS
CLASS ACTIVITIES
the topics 957/Condominium Act brainstorming
mentioned in 13. Transfer of the sessions
the topic possession of
content property
C. Answered 14. Performance
some 15. Remedies
multiple-
choice type
of problems
FINAL EXAM
VIII. Course Requirements: Summary of the topics discussed
IX. Grading System:
X. Required Textbooks:
1. De Leon, Hector. S., The Law on Obligations and Contracts, Rex Bookstore 2014 Edition
2. De Leon, Hector. S., The Law on Sales, Agency, Labor and Other Commercial Laws, Rex Bookstore 2014 Edition
XI. References:
1. Supreme Court Reports Annotated

Date Revised: January 15, 2019

Effectivity: 2019-2020 First Semester
Prepared by:

Blanca A. Albit, CPA, MICB

Approved by:

Dr. Evangeline P. Jamili, CPA