SYLLABUS

I.

COURSE TITLE:

Business Law 1 (Law on Obligations and Contracts)

II.

COURSE DESCRIPTION:
This course deals with the study of the nature, types, effects and also the extinguishment of obligations; contracts,
Their essential requisite and form; and defective contracts, quasi-contracts, natural obligations, and estoppel.

III.

GENERAL OBJECTIVES
At the end of the course, the students are expected to:
A.

COGNITIVE
1. Identify the nature and effect of obligations.
2. Identify the stages, elements and form of contracts.
3. Equip herself with the necessary knowledge about the basics of business law.

B.

AFFECTIVE
1. Appreciate the role of the government laws to the accounting and business world.
2. Appreciate the role and importance of the law to our daily lives.

C.

PSYCHOMOTOR
1. Enable to analyze a situation which is helpful for business transactions.

Instructor:

OBJECTIVES

TOPIC

TIME
ALLOTMENT

VALUES

METHODOLOGIES

RELATE

ASSESSMENT

The student should:

OBLIGATIONS

1. Have a fair background and 1. General Provisions

1.1 Definition
under- standing of the
1.2 Elements
important
topics
about
1.3 Sources of
obligations and contracts.
Obligations
2 Nature and Effects of
2. Shows the ability to
Obligations
distinguish and identify
2.1 Objects or
different kinds of obligations
Prestations
and contracts.
2.2 Accessory
Obligations
3. Acquire a clear
2.3 Breach of
understanding of basic
Obligations
concepts and effects of
2.4 Fortuitous Events
contracts .
2.5 Remedies
3 Classifications of
The student should:
Obligations
3.1 Pure and
1. Have a working knowledge of
Conditional
how transactions are to be
3.2 Obligations with a
interpreted in the perspective
Period
of the law.
3.3 Alternative and
Facultative
2. Develop skills in analyzing
Obligations
situations which the law of
3.4 Divisible and
obligations and contracts is
Indivisible
applicable and necessary.
Obligations
3.5 Joint and Solidary
Obli

ID

OBJECTIVES

TOPIC

Appreciate the value of Chapter assignment

la w o n th e b us i ne s s
w or ld an d o ur d ai l y Discussion and
li v es .
illustrative method

Obligations
by : Atty. Tristan Sulit

Recitation
Homework

T
E
R
M
S

To have the awareness

of the effects of actions
in relations to
obligations and
contracts.

Discussion
Reality-based
examples
(situations)

Homework
To develop the value of
honesty (free from fraud
Discussion of sample
or deception) fairness
problem of various types
and straight
forwardness.

Integrity

Under time pressure

examination
Contracts
by: Atty. Tristan Sulit

Home assignments
exercises and
problems
Group discussion of
transactions
Students are
required to give
examples based
on their own
understanding.

E
K

Interpret
situations.

TIME
ALLOTMENT

Practice set

VALUES

METHODOLOGIES

RELATE

ASSESSMENT

3.6 Obligations with

Penal Clause
4 . Extinguishment of
Obligations
4.1 Performance or
Payment
4.2 Condonation
4.3 Loss of
Determinate thing
4.4 Confusion or
Merger
4.5 Compensation
4.6 Novation

F
I
N
A
IL
S

CONTRACTS
1. Concept
2. Stages
3. Elements
4. Consent
5. Object
6. Cause
7. Form of Contracts
8. Reformation of Instruments
9. Interpretation of Contracts
10. Defective Contracts
10.1 Rescissible Contracts
10.2 Voidable Contracts

OBJECTIVES

TOPIC

TIME
ALLOTMENT

VALUES

METHODOLOGIES

RELATE

ASSESSMENT

10.3 Unenforceable
Contracts
10.4 Inexistent and Void
Contracts

F
I
N
A
IL
S