CENTRO ESCOLAR UNIVERSITY

Manila * Makati * Malolos

SYLLABUS ON PCAC110 – LAW ON OBLIGATIONS AND CONTRACTS

Course Number : PCAC110 Course Descriptive Title : Law on Obligations and Contracts
No of Units : 3 No of Hours per Week : 3
Pre-requisites : None
CEU VISION – MISSION STATEMENT CENTRO ESCOLAR EXPECTED SCHOOL OF ACCOUNTANCY AND MANAGEMENT

UNIVERSITY PHILOSPHY
GRADUATE ATTRIBUTES (CEEGA) MISSION STATEMENT:
Ciencia y Virtud (Science and Virtue) LIFELONG LEARNER
•Learns and works independently as well as collaboratively. The School of Accountancy and Management is dedicated to a
UNIVERSITY VISION •Translates knowledge generated from research and other sources to tradition of commitment towards the formation of competent, socially
improve quality of life. –responsible, spiritually- integrated, and globally competitive
To be the University of First choice •Creates new ideas to better understand society accountants and business professionals.
•Evaluates own thinking, behavior and spirituality for self-growth
UNIVERSITY MISSION REFLECTIVE AND CREATIVE THINKER
•Thinks critically and creatively.
To promote a brighter future for our students, for the •Open-minded.
Philippines and for the world. •Solves problems systematically. VISION:
•Loves art and shows artistic sensibility.
CEU CORE VALUES CARING AND TRUSTWORTHY CITIZEN Total Quality Education for Global Accountants and Business
•Values people and acts in unity with others. Professionals
V - Valuing others, caring for them and empowering them •Commits to social justice and principles of sustainability and respect
A - Accountability, integrity and trust worthiness for diversity.
L - Lifelong learning as individuals and as an organization •Practices good stewardship and accountability.
U - Unity, teamwork and loyalty •Manifests social responsibility by helping improve conditions of
E - Excellence in all endeavors those who have less in life or circumstance.
S - Social responsibility as citizens of the Filipino nation and PROFICIENT COMMUNICATOR
of the world •Articulates ideas clearly for varied purposes and audiences of diverse
culture.
•Listens attentively, engages in meaningful exchange and shares
knowledge, values, attitudes and intentions.
•Utilizes effectively appropriate media and information technologies.
COMPETENT AND PRODUCTIVE PROFESSIONAL
•Initiates, innovates better ways of doing things and accountability.
•Promotes quality and productivity.
 BSA PROGRAM EXPECTED LEARNING OUTCOMES:

The graduates of Bachelor of Science in Accountancy should be able to:

• resolve business issues and problems, with a global and strategic perspective using knowledge and technical proficiency in areas of financial accounting and reporting, cost
accounting and management accounting and control, taxation and accounting information systems;

• conduct accountancy research through independent studies of relevant literature and appropriate use of accounting theory and methodologies;

• employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions;

• apply knowledge and skills to successfully respond to various types of assessments (including professional licensure and examinations); and

• confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions as an accountant.

Course Description:
This course gives the students an understanding of the legal concepts and principles governing the law of obligations and contracts and application of these concepts to
theoretical and practical problems and cases. This introduces the students to civil and natural law. It also includes the discussion of the nature, sources and effect of obligation, and the
kinds, effects and modes of extinguishment of obligations Likewise, it provides students an understanding of the principles governing valid contracts, as well as the requisites, forms,
and interpretation of ambiguities in contracts.

Course Intended Learning Outcomes:

1. Cognitive Objective
• Gain comprehensive knowledge on the legal concepts and principles governing the law of obligations and contracts.
• Develop analytical abilities to be more articulate in expressing views and ideas on issues relevant to the course
• Identify the law most applicable to a given situational problem
2. Affective Objective
• Appreciate the importance of the knowledge of the law especially when interacting with others
3. Psychomotor Objective
• Apply the knowledge in the law of obligations and contracts when interacting with others
 Intended Learning Outcomes Content Teaching Learning Activities Time Resources Assessment
Allotment
I. Concept of Obligation
1. Explain the concept of a. Definition Multi-media based teaching techniques 9 hrs. Technology Quizzes
obligation, its requisites and b. Requisites
classifications c. Classifications Interactive Seatwork and board work Performance based assessments:
2. Identify the sources of a d. Sources
certain obligation
i. Law Graded Recitation
3. Understand the nature and
effects of the obligation ii. Contracts Individual or Group discussion on
iii. Quasi-contract concept maps drawn
iv. Acts or
omission Research Assignments
punished by
law
v. Quasi-defects
e. Nature and effects of
obligation
i. Obligation to
give
ii. Obligation to
do
iii. Obligation not
to do
iv. Breach of
obligation
v. Concept of
fortuitous
events
vi. Classification
vii. Effect upon
obligation
1. Compare and contrast the II. Kinds of Obligations
different kinds of a. Pure obligation Multi-media based teaching techniques 6 hrs. Technology Quizzes
obligations b. Conditional obligation
2. Identify the kind of c. Reciprocal obligation Interactive Seatwork and board work Performance based assessments:
obligations being described
on a given situation d. Alternative and

1. Explain the different ways to
extinguish an obligation
1. Discuss the concept,
elements and characteristics
of a valid contract.
2. Enumerate and explain the
essential requisites of a
contract
3. Identify the forms of
contract
facultative obligation Group Works Graded Recitation
e. Joint and solidary
obligation Research Assignments
f. Divisible and
indivisible obligation
g. Obligations with penal
clause
III. Extinguishment of obligation
a. Payment of Multi-media based teaching techniques 6 hrs. Technology Quizzes
performance
b. Application of Interactive Seatwork and board work Performance based assessments:
payment
c. Cession Graded Recitation
d. Tender of payment and
consignation
Research Assignments
e. Loss of the thing due
f. Condonation or
remission of debt
g. Confision or merger of
rights
h. Compensation
i. Novation
IV. Concept of Contracts
a. Definition Multi-media based teaching techniques 9 hrs. Technology Quizzes
b. Elements
c. Characteristics Interactive Seatwork and board work Performance based assessments:
d. Obligatory force
e. Autonomy Graded Recitation
f. Mutuality
g. Relativity Research Assignments
h. Limitation on the right
to contract
i. Essential Requisites
j. Forms of contract
 1. Identify the various ways to
reform an instrument
2. Discuss interpretation of
contracts
1. Identify whether a contract
is rescissible, voidable,
unenforceable or void
1. Discuss natural obligations
and distinguish it from civil
and moral obligations
2. Define estoppel
Course Requirements:
V. Reformation of Instrument
a. Doctrine of Multi-media based teaching techniques 5 hrs. Technology Quizzes
reformation
b. Reformation vs. Interactive Seatwork and board work Performance based assessments:
annulment of contracts
c. Interpretation of Graded Recitation
contracts
Research Assignments
VI. Defective Contracts Multi-media based teaching techniques 5 hrs. Technology Quizzes
a. Rescissible contracts
b. Voidable contracts Interactive Seatwork and board work Performance based assessments:
c. Unenforceable
contracts Graded Recitation
d. Void or existent
contracts Research Assignments
VII. Natural Obligation Multi-media based teaching techniques 5 hrs. Technology Quizzes
a. Distinguished from
civil obligation Interactive Seatwork and board work Performance based assessments:
b. Distinguished from
moral obligation Application of Concepts Graded Recitation
c. Estoppel
Assignments
Grading Scheme: 2/3 Class Participation and 1/3 Periodic Exam

References:

Obligations and Contracts (Law and Application), Soriano, F., 2016

The Law on Obligations and Contracts, De Leon, Hector, et. al. 2014.
The Law on Obligations and Contracts, Bagayao, Ivan Yannick, 2019.
Obligations and Contracts: Laws, Principles and Jurisprudence, Domingo, Andrix, 2018.
Civil Code of the Philippines

WEBSITES:
lawphil.net
chanrobles.com

Prepared by: Date: Approved by: Date:

April 30, 2019 (Sgd.) PROF. ROY RAIAN A. JOSON, CPA, MSA April 30, 2019
(Sgd.) DR. LYSSANDER RODAN DELA CRUZ, CPA, MBA, DPA Dean/Head
(Sgd.) PROF. DANILO D. REYES, CPA, MBA, CHBA, RFP

Curriculum Mapping:
ALIGNMENT OF PROGRAM OUTCOMES AND COURSE INTENDED LEARNING OUTCOMES

CILO CILO CILO CILO CILO

PROGRAM OUTCOMES
1 2 3 4 5
Resolve business issues and problems, with a global and strategic perspective using knowledge and technical proficiency in
1 areas of financial accounting and reporting, cost accounting and management accounting and control, taxation and    
accounting information systems;

Conduct accountancy research through independent studies of relevant literature and appropriate use of accounting theory
2 and methodologies;

3 Employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions 
Apply knowledge and skills to successfully respond to various types of assessments (including professional licensure and examinations);
4     
and
Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions as an
5    
accountant.
 ALIGNMENT OF PROGRAM OUTCOMES IN CEEGA

Reflective Caring and Proficient Competent

Lifelong and Trustworthy Communicato and
PROGRAM OUTCOMES Learner Creative Citizens r Productive
Thinker Professional
Resolve business issues and problems, with a global and strategic perspective using
knowledge and technical proficiency in areas of financial accounting and reporting, cost
1     
accounting and management accounting and control, taxation and accounting information
systems;
Conduct accountancy research through independent studies of relevant literature and
2    
appropriate use of accounting theory and methodologies;
Employ technology as a business tool in capturing financial and non-financial information,
3  
generating reports and making decisions
Apply knowledge and skills to successfully respond to various types of assessments (including
4     
professional licensure and examinations); and
Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical
5  
practice in performing functions as an accountant.

Prepared by: Date: Approved by: Date:

(Sgd.) DR. LYSSANDER RODAN C. DELA CRUZ APRIL 30, 2019 (Sgd.) PROF. ROY RAIAN A. JOSON, CPA, MSA APRIL 30, 2019
Dean/Head