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Colegio de San Juan de Letran

Intramuros, Manila College of Business Administration and Accountancy Accountancy Area First Semester, School Year 2007-2008

I. II. III. IV.

Course Code Course Title Course Credit Course Description

: LAW 1 : OBLIGATION AND CONTRACTS : 3 units : This course deals with the basic principles of law in relation to contracts and obligations. It involves discussion of the nature, sources, kinds and extinguishments of contracts and other miscellaneous topics relevant to the course. Topics include general legal concepts of enforceable rights of obligation: types of laws and national legal systems: nature, purpose, scope and key principles of national legislation; sources of obligations; kinds of obligations under the Civil Code; specific circumstances affecting obligations in general (fortuitous events, frauds, negligence, delay and breach of contract); duties of obligor to do or not to do; extinguishment of obligation; general principles of the law of contracts, elements and stages of contracts; freedom from contract and limitation; object of contracts; consideration of contracts; formalities; interpretations and reformation of contracts and defective contracts. : Real life situation expose every individual to different agreements entered into with other parties. It is essential therefore to know the basic principles of law related to contracts and obligations. : : At the end of the course, the students are expected to know the implications of obligations and contracts to their day- to-day living. : More specifically, the students are subjected to: : Describe the nature and concept of obligations and contracts

V. VII.

Course Rationale Course Objectives A. General Objective

B. Specific Objectives 1. Cognitive

2. Affective 3. Psychomotor : :

Relate problems concerning obligations and contracts and the applicable laws. Acknowledge the importance of values, attitudes and motivation in dealing with obligations and contracts. Carry out simple cases regarding obligations and contracts.

VII. Course Outline Specific Objectives State the applicability of the concepts of obligations. Discuss the sources of obligations. Describe the different modes of extinguishing an obligation. COMMUNITY SERVICE INTEGRATIO N Explain the actions which are considered as breach of contracts. Outline the Honesty Lectures Law Books Quiz 7th - 8th Knowing the Integrity Honesty Case Analysis Law Books News Articles SCRA Phil. Reports Compilation of Cases Subject Matter Values Integrated Awareness Teaching Method Lectures Case Analysis Board work Instructional Materials Law Books News Articles Supreme Court Records Annotated (SCRA) Phil. Reports Evaluation Time Frame Expected Output

1. Concepts of Law and business law 2. Obligations a. Concept b. Sources c. Nature and effects d. Classes e. Modes of extinguishments

Quiz Recitation Seatwork

Appreciation

1st 7th Learning and week understanding the concepts of obligations, sources of obligations, and the different modes of extinguishing an obligation.

identifying the actions which are considered as breach of contracts

characteristics of contracts. Identify the elements and forms of contracts.

Case Analysis Board work

News Articles Supreme Court Records Annotated (SCRA) Phil. Reports

Recitation Seatwork Major Exam

week

characteristics of contracts. Learning the elements and forms of contracts.

9th week MIDTERM EXAMINATION Distinguish the differences of defective contracts. 3. Nature and Concepts of Contracts a. Characteristics b. Elements c. Forms d. Reformation e. Interpretation 4. Defective Contracts a. b. c. d. Community Service Integration Provide the students an in-depth Resistible Voidable Unenforceable Void Appreciation Integrity Awareness Honesty Compliance actual cases present within the community Law Books News Articles Supreme Court Records Annotated (SCRA) Phil. Reports Compilation of solved cases 17th week Providing the students an indepth knowledge that any breach of contract will produce legal Reliability and Integrity Lectures Case Analysis Board work Law Books News Articles Supreme Court Records Annotated (SCRA) Phil. Reports Quiz Recitation Seatwork Major Exam 10th-16th week. identifying the differences of defective contracts

Discussion on breach of contracts

knowledge that any breach of contract will produce legal problem FINAL EXAMINATION 18th week

problem.

VIII. Grading System

: Midterm Grade: Class Standing Quizzes Mid-term Exams 30% 30% 40% 100% Pre-final Grade: Class Standing Quizzes Mid-term Exams 30% 30% 40% 100%

Final Grade = (Mid-term Grade + Pre-Final Grade) / 2

IX.

References: Main References:

De Leon, Hector, Law on Obligations and Contracts, 2004 edition Suarez, Carlos, Law on Obligation and Contract, 2000 edition Journal of Accounting Journal Accounting Research

Other References: