POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF ACCOUNTANCY AND FINANCE
COURSE TITLE BUSINESS LAWS AND REGULATIONS
COURSE CODE LAW 20023
CREDIT UNITS 3 UNITS
COURSE PREREQUISITE LAW 20013
COURSE DESCRIPTION This is a study of Laws governing Agency, Partnerships, and Corporations. The course will focus on the basic principles provided by these special laws, and the application of these principles to
the various relationships created by these business transactions.
Institutional Learning Outcomes
1. Creative and Critical Thinking
Graduates use their imaginative as well as a rational thinking ability to
life situations in order push boundaries, realize possibilities, and deepen
their interdisciplinary and general understanding of the world.
2. Effective Communication
Graduates are proficient in the four macro skills in communication
(reading, writing, listening, and speaking) and are able to use these skills
in solving problems, making decisions, and articulating thoughts when
engaging with people in various circumstances.
3. Strong Service Orientation
Graduates exemplify the potentialities of an efficient, well-rounded and
responsible professional deeply committed to service excellence.
4. Community Engagement
Graduates take an active role in the promotion and fulfillment of various
advocacies (educational, social and environmental) for the advancement
of community welfare.
5. Adeptness in the Responsible Use of Technology
Graduates demonstrate optimized use of digital learning abilities,
including technical and numerical skills.
6. Passion to Lifelong Learning
Graduates are enabled to perform and function in the society by taking
responsibility in their quest to know more about the world through
lifelong learning.
7. High Level of Leadership and Organizational Skills
Graduates are developed to become the best professionals in their
respective disciplines by manifesting the appropriate skills and
leaderships qualities.
8. Sense of Personal and Professional Ethics
Graduates show desirable attitudes and behavior either in their personal
and professional circumstances.
ACCOUNTANCY DEPARTMENT
Program Outcomes Course Outcomes
BSA and BSMA graduates must demonstrate the ability to review, interpret, evaluate Upon successful completion of Business Law course, the student will be
financial data and systems in compliance with established policies, procedures,
able to
guidelines, agreements and/or legislation. They must be able to link data, knowledge,
and insight together with different sources and disciplines to make informed decisions. a. Demonstrate an understanding of the Legal Environment of
Business,
BSA and BSMA graduates should possess active listening skills and the ability to
effectively communicate one’s point of view, both orally and in writing, at all b. Apply basic legal knowledge to business transactions, and
organizational levels; be able to explain verbally and/or writing financial, statistical, c. Communicate effectively using standard business and legal
administrative matters/policies/procedures/regulatory matters/audit results at a level
appropriate to the audience and must be able to negotiate effectively. terminology.
BSA and BSMA graduates should develop an ability to work in groups, possess skills to
participate as member of a team or/and contribute to group effort; be able to teach
others new skills; be able to work to the satisfaction of the clients; negotiate and work
with diversity or work well with men and women from diverse backgrounds.
BSA and BSMA graduates must work with the highest standards of professionalism, to
attain higher level of performance and generally to meet the public interest, he must
conform to the ethical standards of the profession that include: Integrity, objectivity and
independence, professional competence and due care, confidentiality, professional
behavior, and moral values.
BSA and BSMA graduates should possess general knowledge in gaining and
understanding of the different cultures in the world and developing an international
objective thus, he must possess competency in English language, adaptability to foreign
business practices, level of trainability and good capabilities in dealing with foreign
partners.
BSA and BSMA graduates should not only be conversant with IT concepts for business
systems but sound knowledge on internal control in computer-based systems,
development standards and practices for business systems, management of the
adoption, implementation and use of IT, evaluation of computer business systems, and
managing the security information.
BSA and BSMA graduates should possess broad base of knowledge concerning
macro-environmental, economic and industry issues, business process structures,
functions, and practices. It includes knowledge in areas such as economics, quantitative
9. Sense of National and Global Responsiveness
Graduates’ deep sense of national compliments the need to live in a
global village where one’s culture and other people culture are respected.
Course Plan
Week Topic
1 I. Introduction to course,
overview of subject, explanation
of policies and grading system
II. Introduction to Law
2 General Provisions
III. Obligations of the Partners
▪ Obligations of the Partners
Among Themselves
▪ Property Rights of a
Partners
▪ Obligations of the Partners
with Regard to Third
Persons
3 I. Dissolution and Winding
Up
II. Limited Partnership
▪ Private Corporations: The
Corporation Code of the
Philippines
▪ General Provisions:
Definition and
Classifications
4 III. Private Corporations: The
Corporation Code of the
Philippines
IV. General Provisions:
Definition and
Classifications
5-6 V. Incorporation and
Organization of Private
Corporations
VI. Board of
Directors/Trustees/Officers
VII. Powers of Corporation
models and business statistics, organizational behavior, international business, ethics,
and corporate governance.
Learning Outcomes
Course overview
Clearly explain the Meaning of
Partnership and its obligation
among each partner.
Compare and contrast
Partnership with Corporation
Identify and understand the
Corporation code of the
Philippines
Discuss Incorporation and
Organization of Private
Corporations
Methodology Resources Assessment
Course syllabus Attendance to online
conferences
Forums and online https://kupdf.net/download/law-on-partnership-and-corporation-by-hecto
discussion r-de-leon_59657ceadc0d6075302be310_pdf Attendance to online
conferences
Analysis of case
intended to bring out Short reaction paper
the critical analysis
skills of students.
Follow-up activity to https://www.full-suite.com/blog/difference-between-a-partnership-and-a Participation in online
the previous lesson -corporation-in-the-philippines/ discussion
Simulation https://www.lawphil.net/judjuris/juri1919/dec1919/gr_l-15429_1919.html Short position paper
Case studies
Lecture and discussion http://www.sec.gov.ph/wp-content/uploads/2019/03/2019Legislation_RA-1 Participation in online
1232-REVISED-CORPORATION-CODE-2019.pdf discussion
Simulation
http://sc.judiciary.gov.ph/decisions/ Short position paper
Web conferencing http://creativecommons.org/licenses/by/4.0/ Participation in online
discussion
https://www.dlapiperintelligence.com/goingglobal/corporate/index.html
?t=15-director-officer-requirements&c=PH Short position paper
 VIII. By-Laws Identify the number of http://www.sec.gov.ph/wp-content/uploads/2019/03/2019Legislation_RA-
Incorporators, Directors, 11232-REVISED-CORPORATION-CODE-2019.pdf
Trustees and Officers.

7-8 IX. Meetings Understand the importance of Online Discussion https://www.chanrobles.com/legal5title6.htm Recitation
X. Stocks and Stockholders shareholder’s meetings and
XI. Corporate Books and keeping of corporate books Research Short position paper
Records and records in a Corporation
MIDTERM DEPARTMENTAL EXAMINATION
10-13 XII. Merger and Consolidation Compare and contrast Review of answers in https://abolawfirm.com/mergers-and-consolidations-as-governed-by-the- Attendance to online
XIII. Appraisal Right Merger and Consolidation the midterm revised-corporation-code-of-the-philippines/ conferences
XIV. Non-Stock Corporation examination
Short position paper
Online Discussion
14-15 XV. Close Corporations Prepare and present reports Group report https://www.chanrobles.com/legal5title12.htm Short position paper
XVI. Special Corporation on special corporation
XVII. Educational Corporation Simulation http://www.sec.gov.ph/wp-content/uploads/2015/11/Opinion-No.-14-23.p
df

16-17 XVIII. Religious Corporations Prepare and present reports Group report Quiz
XIX. Dissolution on special corporation https://www.chanrobles.com/legal5title13.htm
XX. Foreign Corporation Simulation Group output project
XXI. Miscellaneous Provision

FINAL DEPARTMENTAL EXAMINATION

Suggested Readings and References

● The Law on Partnerships and Private Corporations by Hector De Leon
● The Corporation Code of the Philippines- SEC
● ACT # 1459 – LawPhil
● Supreme Court Decisions
● Article 176 (Partnership) Civil Code of the Philippines

Course Grading System

ONLINE MODE OF LEARNING

Class Standing 70%
Quizzes 50%
Assignments and other activities 20%
Departmental examination 30%
 Total 100%

Final Grade = (1st Grading Period + 2nd Grading Period)

2

Classroom Policy
The allowed number of absences for students enrolled in LAW 20023 with once-a-week meeting is four (4). Request for excused absences or waiver of absences must be presented upon reporting back to class. Special
examinations will be allowed only in special cases, such as prolonged illness. It is the responsibility of the student to monitor his/her own tardy incidents and absences that might accumulate leading to a grade of
“FA,” (Failed due to Absences). It is also his/her responsibility to consult with the teacher, chair or dean should his/her case be of special nature.

All BSA and BSMA students are expected to be academically honest. Cheating, lying and other forms of immoral and unethical behavior will not be tolerated. Any student found guilty of cheating in examinations
will (at a minimum) receive a grade of 5.0 in the said test.

Consultation Time
Subject to the availability of the subject teacher, student may approach the subject teacher for queries about his/her grade as well as other academic requirements for the subject.

Prepared by: Enhanced by: Reviewed by:

Atty. Pearlito B. Campanilla

Faculty Member Atty. Gary C. Aure Lilian M. Litonjua, CPA, MBA
Faculty Member Chairperson

Recommending Approval:

Dr. Julieta G. Fonte, CPA

Dean, College of Accountancy and Finance

Approved by:
 Dr. Emanuel C. De Guzman
Vice President for Academic Affairs

Revised March 2021