Document No.

: FM-OAD-021
OFFICE OF THE ACADEMIC DEAN
Revision No.: 00
SYLLABUS Effectivity Date: November 3, 2020

SCHOOL OF ACCOUNTANCY, BUSINESS AND HOSPITALITY

Accountancy Department
Curriculum 2018 – 2019

DESCRIPTIVE TITLE: Business Laws and Regulations

CREDIT UNITS: 3 units (54 hours Lecture)
PRE-REQUISITE/S: LAWS 1013
COURSE DESCRIPTION:

This is the second course, which covers several laws, namely the Law on Sales, Law on Credit Transactions, and the Intellectual Property Law. All these laws shall be discussed exhaustively,
beginning with the provisions of the law, its relationships with previous law and accounting courses, interpretation, and application. The students are expected to form a deep understanding and
appreciation of the concepts and legal consequences of the laws to be discussed, and applying it in various business situations while being able to communicate effectively using standard legal
and business jargons.

PROGRAM LEARNING OUTCOMES:

Code Program Learning Outcome
ACO 1 Exercise high personal, moral and ethical standards by living the gospel values everyday in personal and professional life.
ACO 2 Demonstrate managerial and leadership skills in administration and supervision of accounting firms or organizations while recognizing cultural diversity.
ACO 3 Employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions.
ACO 4 Resolve business issues and problems, with global and strategic perspective using knowledge and technical proficiency in the areas of financial accounting and reporting, cost
accounting and management accounting and control, taxation, and accounting information systems.

ACO 5 Contribute in the advancement of research, education and practice to bridge the gap of undergraduate preparation and practice.

Demonstrate communication skills to develop informative, explanatory and persuasive presentations to a variety of audiences using oral and written communication and language,
ACO 6
quantitative and technological literacy.

ACO 7 Work effectively with interdependence and versatility with high regard of a professional accountant’s legal and moral duty.

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ACO 8 Work actively and voluntarily in pursuit of personal and professional development.

ACO 9 Demonstrate an attitude of self-less service through engagement to various community developments and environmental sustainability activities.

Integrate personal, professional and community values in a decision-making context as a member of an organization. Demonstrate social responsibility within organizational contexts
ACO 10
and the social role and impacts of organizations.

ACO 11 Conduct accountancy research through independent studies of relevant literature and appropriate use of accounting theory and methodologies

COURSE LEARNING OUTCOMES VIS-A-VIS PROGRAM LEARNING OUTCOMES:

COURSE LEARNING OUTCOMES

ACO ACO ACO ACO ACO ACO ACO ACO ACO ACO ACO
After completion of the course, the students should be able to:
1 2 3 4 5 6 7 8 9 10 11
CLO 1: Demonstrate an understanding of the legal concepts and rules governing the civil and
I I
mercantile laws, having the law of obligations and contracts as foundation.

CLO 2: Apply basic legal knowledge to business transactions. I P

CLO 3: Communicate effectively using standard business and legal terminology.

P I

I – Introduce P – Practice D – Demonstrate

LEARNING PLAN:

COURSE LEARNING INTENDED

TEACHING AND LEARNING TIME
OUTCOMES LEARNING TOPICS RESOURCES ASSESSMENT
ACTIVITIES FRAME
OUTCOMES
PRELIM
Identify and comply USL’s vision, mission, goals A PowerPoint presentation Day 1 Students’ Handbook
with the institutional, and objectives, classroom Course Catalogue
program and course policies, retention policies, Discussion of the course Course Syllabus

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CLO 1: Demonstrate an
understanding of the legal
concepts and rules governing
the law of obligations and
contracts.
CLO 2: Apply basic legal
knowledge to business
transactions.
CLO 3: Communicate
effectively using standard
business and legal
terminology.
CLO 1: Demonstrate an
understanding of the legal
concepts and rules governing
the law of obligations and
contracts.
policies grading system, Kaibigan ng syllabus
Kalikasan Program (KKP), and
Explain the NEO Learning Management Sharing of expectations from
relationship between System (NEO LMS). teacher and students
and among various
courses and Introduction to the course in Distribution of course outline
Business Laws and Business Laws and
Regulations Regulations Filling out of seat plan and
class cards
Lists general division Nature and Form of a Contract Discussion/Lecture Week 1 Online & Printed Recitation
of law that exists. of Sale and 2 References Quizzes
A. Concept of Contract of Application of concepts/Case Case Analysis/
Discuss the concept Sales Analysis Groupworks
of sales and its B. Characteristics of a
characteristics. Contract of Sales Classroom Q&A
C. Essential Requisites of a
Explain the legal Contract of Sales
consequences 1. Consent
surrounding the 2. Price
essential requisites 3. Object
and other elements D. Kinds of Contracts of
of a contract of sale. Sales
E. Contract of Sales
Compare and distinguished from other
contrast sales from contracts
other contracts of 1. Contract to Sell
similar nature. 2. Contract for a Piece
of Work
3. Barter
Enumerate the Capacity to Buy or Sell Discussion/Lecture Week 3 Online & Printed Recitation
persons who may or A. Persons who may enter References Quizzes
may not enter a a Contract of Sale Application of concepts/Case Case Analysis/
contract of sale. B. Kinds of Incapacity Analysis Groupworks
Classroom Q&A
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CLO 2: Apply basic legal Apply the concept of Effects of the Contract when Discussion/Lecture Week 3 Online & Printed Recitation
knowledge to business loss in sales the Thing Sold has been Lost References Quizzes
transactions. transactions. A. Concept of Loss Application of concepts/Case Case Analysis/
B. Effect of Loss of the Analysis Groupworks
CLO 3: Communicate Thing at the Time of Sale
effectively using standard Classroom Q&A
business and legal
terminology.
Discuss whose rights Installment Sales of Personal Discussion/Lecture Week 4 Online & Printed Recitation
are protected under Property (Recto Law) References Quizzes
the Recto and Application of concepts/Case Case Analysis/
Maceda Laws. Installment Sales of Real Analysis Groupworks
Property (Maceda Law)
Solve for the Classroom Q&A
refundable amount
for installments made
in the purchase of
real property.
Enumerate the Obligations of the Vendor Discussion/Lecture Week 5 Online & Printed Recitation
obligations of the A. Transfer of Ownership and 6 References Quizzes
vendor, the rights of B. Delivery of the Thing Application of concepts/Case Case Analysis/
an unpaid seller, and Sold Analysis Groupworks
the kinds of C. Conditions and
warranties. Warranties Classroom Q&A

Discuss the legal

implications of the
non-performance of
the obligations of the
vendor.

MIDTERMS

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CLO 1: Demonstrate an Differentiate delivery Obligations of the Vendee Discussion/Lecture Week 7 Online & Printed Recitation
understanding of the legal and acceptance. A. Rules on Acceptance and and 8 References Quizzes
concepts and rules governing Refusal of Things Sold Application of concepts/Case Case Analysis/
the law of obligations and Discuss the rules on and Delivered to Vendee Analysis Groupworks
contracts. the vendee’s B. Payment of the Price
acceptance, and the C. Expenses for Execution Classroom Q&A
CLO 2: Apply basic legal legal consequences and Registration of Sale
knowledge to business of refusal to accept
transactions. the things delivered
to him.
CLO 3: Communicate
effectively using standard List the expenses for
business and legal execution and
terminology. registration of sale.

Enumerate the Actions for Breach of Contract Discussion/Lecture Week 8 Online & Printed Recitation
actions available for of Sale of Goods References Quizzes
vendor or vendee in Application of concepts/Case Case Analysis/
cases of breach of a Analysis Groupworks
contract of sale of
goods. Classroom Q&A

Discuss the legal

consequences
surrounding these
actions available.

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CLO 1: Demonstrate an Enumerate the Extinguishment of Sale Discussion/Lecture Week 9 Online & Printed Recitation
understanding of the legal modes of A. Common and Special and 10 References Quizzes
concepts and rules governing extinguishment of a Modes of Extinguishment Application of concepts/Case Case Analysis/
the law of obligations and sale. of Sale Analysis Groupworks
contracts. B. Extra-special Modes of
Discuss the legal Extinguishment of Sale Classroom Q&A
CLO 2: Apply basic legal rules on the extra- 1. Conventional
knowledge to business special modes of Redemption
transactions. extinguishment of a. Pacto de Retro
sales. Sales
CLO 3: Communicate b. Equitable
effectively using standard mortgage
business and legal 2. Legal Redemption
terminology.

Discuss the concept Assignment of Credits and Discussion/Lecture Week Online & Printed Recitation
and legal Other Incorporeal Rights 11 References Quizzes
consequences of Application of concepts/Case Case Analysis/
assignment of credits Analysis Groupworks
and other incorporeal
rights. Classroom Q&A

Discuss the concept Barter and Exchange Discussion/Lecture Week Online & Printed Recitation
and rules on barter. 12 References Quizzes
Application of concepts/Case Case Analysis/
Analysis Groupworks

Classroom Q&A

Define bulk sales. The Bulk Sales Law Discussion/Lecture Week Online & Printed Recitation
A. Concept/ Meaning of Bulk 12 References Quizzes
Explain the spirit of Sales Application of concepts/Case Case Analysis/
the bulk sales law. B. Transactions covered Analysis Groupworks
C. Violations and Penalties
D. Remedies of Creditors Classroom Q&A

FINALS
CLO 1: Demonstrate an Compare and Credit Transactions Discussion/Lecture Week Online & Printed Recitation
understanding of the legal contrast the different A. Provisions common to 13 and References Quizzes

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concepts and rules governing kinds of credit Pledge and Mortgage Application of concepts/Case 14 Case Analysis/
the law of obligations and transactions. B. Pledge Analysis Groupworks
contracts. C. Mortgage
Discuss the legal D. Chattel Mortgage Classroom Q&A
CLO 2: Apply basic legal consequences of E. Antichresis
knowledge to business credit transactions.
transactions.
Apply the concept
CLO 3: Communicate and legal
effectively using standard consequences of
business and legal credit transactions in
business situations.
terminology.
Discuss the concept Bailment Discussion/Lecture Week Online & Printed Recitation
and legal A. Mutuum 15 References Quizzes
consequences of B. Commodatum Application of concepts/Case Case Analysis/
bailment, particularly C. Depositum Analysis Groupworks
mutuum,
commodatum, and Classroom Q&A
depositum.
Describe the The Intellectual Property Code Discussion/Lecture Week Online & Printed Recitation
functions and of the Philippines 16, 17, References Quizzes
mandate of the A. The Intellectual Property Application of concepts/Case 18 Case Analysis/
Intellectual Property Office Analysis Groupworks
Office. B. The Law on Patents
C. The Law on Trademarks, Classroom Q&A
Discuss the concept Service Marks and Trade
of intellectual Names
property, and the D. The Law on Copyright
importance of its E. Final Provisions
protection.

Discuss the legal

implications on the
law of patents,
trademarks, and
copyright.
COURSE LEARNING OUTCOMES VIS-À-VIS ASSESSMENT:

Course Learning Outcomes Assessment Tools Key performance Indicators

Recitation, Quizzes, Case Analysis/ At least 75% of the students can demonstrate an
CLO 1: Demonstrate an understanding of the legal concepts and rules
Groupworks, Major Examinations understanding of the legal concepts and rules governing
governing the law of obligations and contracts.
the law of obligations and contracts, including their legal

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 implications.
Recitation, Quizzes, Case Analysis/
At least 75% of the students can apply basic legal
CLO 2: Apply basic legal knowledge to business transactions. Groupworks, Major Examinations
knowledge to business transactions.
CLO 3: Communicate effectively using standard business and legal Recitation, Quizzes, Case Analysis/
At least 75% of the students can communicate effectively
terminology. Groupworks
using standard business and legal terminology.

GRADING SYSTEM:

Criteria in Grading Prelim Midterm Finals

Class Standing = 50%
Quizzes 30 % 30 % 25%
Learning Tasks 20% 20% 10%
Class Participation 10% 10% 10%
Service Learning Program 15%
Major/Periodic Exam 40% 40% 40%
TOTAL 100% 100% 100%

Grade Computation:

Preliminary Raw Score (PRS): Preliminary Grade:

Class Standing (max of 50) plus Prelim Examination (max of 50) Preliminary Raw Score (PRS) / 2 + 50
Moving Midterm Raw Score (MMRS):
Class Standing (max of 50) plus Midterm Examination (max of 50)
Midterm Raw Score (MRS): Midterm Grade:
Preliminary Raw Score plus (2 X Moving Midterm Raw Score) Midterm Raw Score (MRS) / 2 + 50
3
Moving Final Raw Score (MFRS):
Class Standing (max of 50) plus Final Examination (max of 50)
Final Raw Score (FRS): Final Grade:
Midterm Raw Score plus (2 X Moving Final Raw Score) Final Raw Score (FRS) / 2 + 50
3
The preliminary, midterm and final raw scores are transmuted using the following transmutation table. Before transmutation, the raw scores should first be rounded off to
whole numbers. However, for succeeding computations, the unrounded raw scores are used. The transmuted grade is the one reflected in the grading sheets.

Raw Score Grade Raw score Grade Raw Score Grade Raw Score Grade Raw Score Grade

Below 50 70 60-61 80 72-73 86 82-83 91 92-93 96

50-51 75 62-63 81 74-75 87 84-85 92 94-95 97
52-53 76 64-65 82 76-77 88 86-87 93 96-97 98
54-55 77 66-67 83 78-79 89 88-79 94 98-99 99

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 56-87 78 68-69 84 80-81 90 90-91 95 100 100
58-59 79 70-71 85

Rubrics on practice set, case analysis, board work, seatwork, and journal

Poor Fair Good Excellent

Success Indicators
Solving Presentation and
Explanation
Content
Methods of Computation
Verbal Explanation
1 pts 2 pts 3 pts 4 pts
Few accounts have label, and few Some accounts have label, and some Most accounts have label, and most All accounts have label and all
procedures are met, not understand by procedures are met and can be procedures are met and understand by procedures are met and well
non-accounting people. understand by non-accounting people. non-accounting people. understand by non-accounting people.
Few solutions and schedules are made Some solutions and schedules are Most of the schedules are prepared to All schedules necessary are prepared
to support the answer. made to support the answer. support the answer. to support the answer.
No basis on the method and formula Few formula and method were used to Most formula and methods were used All formula and necessary methods
used for the computation support the answers. to support the answer were used to support the answer.
Student has difficulty to explain the Students explained and some Students explained the solutions in Students explained well and
solutions and few accounting principles accounting principles are mentioned interesting manner and most confidently, and all accounting
are mentioned and explained. and explained. accounting principles are mentioned principles are mentioned and
and explained. explained.

Textbook:
Domingo, A. (2021). Regulatory Framework and Legal Issues in Business Part I. Benguet, Philippines: Coaching for Results Publishing

References:
1. Domingo, A. (2019). Regulatory Framework for Business Transactions (RFBT) Multiple Choice Questions (MCQ) CPA Reviewer. Benguet, Philippines: Coaching for Results
Publishing
2. De Leon, Hector S. (2016). The Law on Sales, Agency and Credit Transactions. Manila: Rex Book Store
3. Soriano, Fidelito R. (2016). Notes in Business Law. Manila: GIC Enterprises & Co., Inc.
4. Paras, Justice Edgardo L. (2021). Civil Code of the Philippines, Volume 5.

Electronic Resource:
1. www.abogadomo.com
2. www.chanrobles.com
3. www.lawphil.net
4. www.judiciary.sc.gov.ph

Revision History:

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 Revision Date Revised by Nature of Revision
November 12, 2021 Patrick Louie E. Reyes, CPA Revised the course description, learning outcomes, learning plan, grading system, and updated references.
August 22, 2022 Atty. Karl Erik M. Lingan, MBA Revised and updated the references.

Endorsed by Recommending Approval Approved by

JEROME D. MARQUEZ, CPA, MBA ALICIA S. TULIAO, MBE EMMANUEL JAMES P. PATTAGUAN, Ph.D
Accountancy Program Chair Academic Dean Vice-President for Academics

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