COURSE SYLLABUS

Course Code: Acc 315/AIS 314 Course Title: Regulatory Framework and Legal Issues in Business

No. of Units: 3 units Prerequisite/Co-requisite: none Total No. of Hours:

Course Description:

The study of Regulatory Framework and Legal Issues in Business in this course deals with the various special laws that concerns different business
transactions, including Ease of Doing Business and Efficient Government Service Delivery Act of 2018, Truth in Lending, Government Procurement Reform Act,
Philippine Competition Act, Electronic Commerce Act, The Insurance Code, and Back Secrecy Act.

Course Learning Outcomes:

After completing this course, the student must be able to:

1.

COURSE LEARNING PLAN

TOPICS Time CLO1 CLO2 CLO3 Teaching and Learning Outcomes -Based References
Allotment Activities Assessments

Orientation 1.5 hrs Self-introduction Syllabus/ Student

Handbook
CHAPTER 1: 3 hrs Domingo, 2023
EASE OF DOING BUSINESS AND
EFFICIENT GOVERNMENT SERVICE
DELIVERY ACT OF 2018/R.A. NO.
11032
1. Policy, Construction,
Interpretation
2. Definition of Terms
3. Coverage and Scope

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 4. Reengineering of system and
procedures
5. Citizen’s Charter
6. Accessing Government
Services
7. Streamlined Procedures for the
issuances of permits and
licenses
8. Violations, jurisdiction,
penalties, and immunity

CHAPTER 2:
TRUTH IN LENDING ACT/REPUBLIC
ACT NO. 3765
1. Purpose
2. Obligation of creditors to Domingo, 2023
/ /
persons to whom credit is
extended 3 hours
3. Covered and excluded
transactions
4. Consequences of non-
compliance with obligation

CHAPTER 3:
GOVERNMENT PROCUREMENT 12 hours Domingo, 2023
REFORM ACT/R.A. 9184
1. Article I General Provisions
2. Article II Procurement Planning
3. Article III Procurement by
Electronic Means
4. Article IV Competitive Bidding
5. Article V Bids and Awards
Committee
6. Article VI Preparation of Bidding
Documents
7. Article VII Invitation to Bid

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 8. Article VIII Receipt and
Opening of Bids
9. Article IX Bid Evaluation
10. Article X Post-Qualification
11. Article XI Award,
Implementation and
Termination of the Contract
12. Article XII Domestic and
Foreign Procurement
13. Article XIII Bidding of Provincial
Projects
14. Article XIV Lease of
Computers, Communications,
Information and other
Equipment
15. Article XV Disclosure of
Relations
16. Article XVI Alternative Methods
of Procurement
17. Article XVII Protest Mechanism
18. Article XVIII Settlement of
Disputes
19. Article XIX Contract Prices and
Warranties
20. Article XX The Government
Procurement Policy Board
21. Article XXI Penal Clause
22. Article XXII Civil Liability
23. Article XXIII Administrative
Sanctions
24. Article XXIV Legal Assistance
and Indemnification of BAC
Members
25. Article XXV Final Provisions

CHAPTER 4: Domingo, 2023

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 PHILIPPINE COMPETITION ACT/R.A.
NO. 10667
1. General Provisions
2. Philippine Competition
Commission
3. Prohibited Acts 4.5 hours
4. Mergers and Acquisitions
5. Disposition of Cases
6. Fines and Penalties
7. Enforcement
8. Other Provisions
9. Final Provisions

Mid-term Examination 1.5 hours

CHAPTER 5:
ELECTRONIC COMMERCE ACT/R.A.
NO. 8792
1. Principles
2. Application
3. Definition of Terms
4. Legal Recognition and
Communication of Electronic Domingo, 2023
6 hours
Data Messages and Electronic
Documents
5. Electronic Commerce in
Carriage of Goods
6. Electronic Transactions in
Government
15 hours
CHAPTER 6: Domingo, 2023
THE INSURANCE CODE/R.A. NO.
10607
1. General Provisions
2. The Contract of Insurance

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 a) What Maybe Insured
b) Parties to the Contract
c) Insurable Interest
d) Concealment
e) Representation
f) The Policy
g) Warranties
h) Premium
i) Loss
j) Notice of Loss
k) Double Insurance
l) Reinsurance

3. Classes of Insurance
a) Marine Insurance
b) Fire Insurance
c) Casualty Insurance
d) Suretyship
e) Life Insurance
f) Microinsurance

4. Financial Reporting Framework

5. The Business of Insurance
a) Insurance Companies,
Organization, Capitalization
and Authorization
b) Solvency
c) Assets
d) Investments
e) Reserves
f) Limit of Single Risk
g) Reinsurance Transactions
h) Annual Statement
i) Variable Contracts
j) Claims Settlement

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 k) Examination of Companies
l) Suspension or Revocation
of Authority
m) Appointment of Conservator
n) Proceedings Upon Solvency
o) Consolidation and Merger of
Insurance Companies
p) Mutual Stock Life Insurance
Companies
q) Withdrawal of Foreign
Insurance Companies
r) Professional Reinsurers
s) Holding Companies
6. Sales Agencies and Technical
Services
a) Insurance Agents and
Insurance Brokers
b) Reinsurance Brokers
c) Non-life Company
Underwriter
d) Adjusters
e) Actuaries
f) Rating Organization and
Rate Making
g) Provision Common to
Agents, Brokers and
Adjusters

7. Security Fund
8. Compulsory Motor Vehicle
Liability Insurance
9. Mutual Benefit Associations and
Trusts for Charitable Uses
a) Mutual Benefit Association
b) Trusts for Charitable Uses
10. Trust Business in General

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11. Registration, Responsibilities
and Oversight of Self-Regulatory
Organizations
12. The Insurance Commissioner
a) Administrative and
Adjudicatory Powers
Fees and other Sources of Funds

CHAPTER 7:
BANK SECRECY ACT/R.A. NO. 1405
1. Purpose
2. Prohibited Acts 3 hours
Domingo, 2023
3. Deposits Covered
4. Exceptions
5. Garnishment of Deposits
Including Foreign Deposits

FINAL EXAMINATION 1.5 hours

References:
Domingo, A.D. (2023). Regulatory Framework and Legal Issues in Business Part II. Second (2nd) Edition, Rex Bookstore.

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