SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

General Luna Road, Baguio City

UB VISION
In pursuit of perfection, the University of Baguio is committed to provide balanced quality education by nurturing academic excellence, relevant social
skills and ethical values in a fun-learning environment.
UB MISSION
The University of Baguio educates individuals to be empowered professionals in a global community.
INSTITUTIONAL OBJECTIVES
The University of Baguio aims to produce a graduate who:
1. exemplifies a higher standard of learning;
2. manifests the mastery of relevant skills;
3. upholds a conduct that is rightful and just;
4. undertakes scientific and significant researches;
5. advocates sustainable programs for the community and the environment; and
6. leads and demonstrates exemplary performance in the field of specialization.

Course Number:

Course Description:

BUSLAW2 - 3 Units (lec)

The Law on Partnership, Corporations and

Negotiable Instruments

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 1 of 7

SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

General Luna Road, Baguio City
SCHOOL MISSION
The University of Baguio educates individuals to be empowered professionals in a global community. The School of Business Administration and Accountancy edifies competitive and
morally upright individuals.
SCHOOL OBJECTIVES
The School of Business Administration and Accountancy aims to produce a graduate who:
1. cultivates the knowledge that is imperative for success in globalized setting;
2. displays expertise appropriate to the profession;
3. typifies professional integrity with humility;
4. undertakes researches to promote systematic bases for business decisions;
5. utilizes macro-environmental acumen for economic growth and development; and
6. exhibits commendable accomplishments in business and accountancy.
PROGRAM OBJECTIVES:
The Bachelor of Science in Accountancy Program aims to produce a graduate who:
P1. applies accounting knowledge to meet the demands of the business community;
P2. demonstrates high proficiency in the practice of the profession;
P3. conforms with the highest degree of ethical standards;
P4. employs researches to elevate professional knowledge and skills in sound business decisions;
P5. satisfies the demands of a dynamic industry for a better community;
P6. Typifies excellences in the practice of the accounting profession.
CORE VALUES:
1. Professional Ethics
2. Integrity
3. Objectivity and Independence
4. Professional Competence and Due Care
5. Confidentiality
6. Professional Behavior
7. Fairness
8. Transparency
9. Accountability
10. Hard Work
Course Number:

Course Description:

BUSLAW2 - 3 Units (lec)

The Law on Partnership, Corporations

and Negotiable Instruments

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 2 of 7

11.
12.
13.
14.
15.

Honesty
Patience
Diligence
Innovativeness
Risk-taking

1. Program Learning Outcomes (PLO) vis a vis Program Objectives

PROGRAM
OBJECTIVES
P3
P4
P5

Program Learning Outcomes

P1
O1.
O2.
O3.
O4.
O5.
O6.
O7.
O8.

Students graduate to become professionals imbued with high moral/ ethical standards.
Graduates are highly competitive with their acquired knowledge, skills and values in the practice of their profession.
Graduates are confident of their academic and industry preparations and the entry competencies learned to tackle the rigors of the business world.
Students can carry out researches that can be utilized in the community and in the business profession.
Students recognize their responsibility and accountability as professionals and as workers in the community.
Students become aware of and strive for their physical, mental and spiritual well-being.
Students are prepared to meet the needs and demands of global employment without losing the Filipino spirit.
Students become aware of their responsibility to the environment and participate actively in environmental programs.

P2

P6

2. Course Objectives vis-a-vis Program Learning Outcomes

Course Objectives
COGNITIVE DOMAIN: At the end of the term the student should be able to:
C1. Enumerate and explain legal principles regarding partnerships, corporations and negotiable instruments.
C2. Identify situations where the application of law is called for.
C3. Appreciate that the law maybe, at times, harsh but it is still the law and that ignorance thereof is not an excuse for noncompliance therewith.
C4. Recognize the obligation to respect the rights of others.
AFFECTIVE DOMAIN: At the end of the term the student should be able to:
C5. Develop responsiveness and sense of responsibility to the end that he realizes that every human being is responsible for his own
acts and shall suffer the consequences thereof or reap the fruits thereof, as the case maybe.
PSYCHOMOTOR DOMAIN: At the end of the term the student should be able to:
C6. Apply the legal basis in cases and situations in his/her life or interaction with others as young adults where the laws on
partnership, corporations and negotiable instruments may be made relevant .
C7. Distinguish and correlate between his own rights and obligations as he reacts with society as a whole.
Course Number:

Course Description:

BUSLAW2 - 3 Units (lec)

The Law on Partnership, Corporations

and Negotiable Instruments

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

O1

PROGRAM LEARNING OUTCOMES

O2
O3
O4
O5
O6
O7

O8

Page 3 of 7

Course Description:
This course covers the underlying legal principles and maxims in partnerships, corporations and negotiable instruments.
Pre-requisite/s
BUSLAW 1
I.

DETAILED COURSE OUTLINE:

Session Learning
Objectives/Goals (SLO/G)

Content Topic

Outcomes Based
Methodologies/Strateg
ies & Approaches

Learning Outcomes

First Grading Coverage

At the end of the session
the student should be able
to internalize and apply the
basic concepts related to
partnership, identify the
various kinds of partners
and partnership.

At the end of the session

the student should be able
to identify the rights and
obligations created by
partnership relations.
At the end of the session,
the students should be
familiar with the modes of
ending partnership
existence.

Partnerships
1. Basic Concepts
2. Kinds of partners
3. Kinds of partnership

Lecture
Discussion
Case Analyses

Rights and obligations between

1. partners
2. partners and partnership
3. partners and third
persons
rd
4. partnership and 3
persons

Lecture
Discussion
Case Analyses

Modes of dissolving partnership

Lecture
Discussion
Case Analysis

At the end of the unit, the students

are expected to be able to:
1. explain the concepts of
partnership.
2.. identify the different kinds of
partners and partnership

At the end of the unit, the students

are expected to be able to identify
the different rights and obligations
created by partnership relations.

At the end of the unit, the students

are expected to be able to identify
the modes of dissolution and
differences between the said
modes.

First Grading Examination

Course Number:

Course Description:

BUSLAW2 - 3 Units (lec)

The Law on Partnership, Corporations

and Negotiable Instruments

Time
Allotment

Values

Evaluative Measures

16 hrs
5 hours

Professional
competence

8 hours

2 hours

Professional
competence

Quiz
Recitations

Professional
competence

Quiz
Recitation

2 hrs
Subtotal: 18
hrs
Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Quiz
Recitations

Page 4 of 7

PRC TOS (if

applicable)

Midterm Coverage
At the end of the session
the student should be able
to apply the basic concepts
related to corporations and
to identify the various kinds
of corporations.

Corporations
a. Basic concepts
b. Kinds

16 hrs
-Lecture discussion
-Reading Assignments
-Case analysis

At the end of the session

the student should be
familiar with the steps
involved in the creation of
corporations.

Steps in the creation of

corporations
1. Promotion
2. Incorporation
3. Formal organization
4. Commencement of
business operations

At the end of the session,

the students should be
familiar with the powers of
a corporation.

Powers of a corporation
1. Express powers
2. Implied powers
3. Incidental powers

Lecture discussion
Reading assignments
Case analysis

Modes of corporate dissolution

Lecture discussion
Reading assignments
Case Analysis

At the end of the session,

the students should be
familiar with the modes of
dissolving corporations

-Lecture discussion
-Reading Assignments
-Case analysis

At the end of the unit, the students

are expected to be familiar with
the concepts of a corporation and
differentiate the various kinds of
corporations.
.
At the end of the unit, the students
are expected to be familiar with
the various steps in the formation
of a corporation.

At the end of the session, the

students should be able to
distinguish the extent and limits of
corporate powers
At the end of the session the
students should be familiar with
the various modes of ending
corporate existence

Midterm Examination

4 hours

Professional
competence

Quiz
Seatworks
Recitation

4 hours

Professional
competence

Quiz
Seatworks
Recitation

4 hours

Professional
competence

Quiz
Seatworks
Recitation

4 hours

Profession
competence

Quiz
Seatworks
Recitation

5 hrs

Professional
competence

Quiz
Seatworks
Recitation

6 hours

Professional
competence

Quiz
Seatworks
Recitation

2 hrs
Subtotal: 18
hrs

Finals Coverage
At the end of the session,
the students are expected
to be able to determine
whether an instruments is
negotiable or not. and its
various elements.

Negotiable Instruments
1. Kinds
2. Requirements of
negotiability

Lecture discussion
Reading Assignments
Case analysis

At the end of the session,

the students should be
familiar with the various
incidents in the life of a

Incidents in the life of a

negotiable instrument
1. Issue
2. Negotiation

Lecture discussion
Reading Assignments
Case analysis

Course Number:

Course Description:

BUSLAW2 - 3 Units (lec)

The Law on Partnership, Corporations

and Negotiable Instruments

At the end of the session, the

students are expected to
1.be familiar with the basic
concepts related to negotiable
instruments
2. be able identify the various
requirements of negotiability
At the end of the session, the
students are expected to be
familiar with the legal implications
of each incident in the life of a

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 5 of 7

negotiable instrument.

At the end of the session,

the students are expected
to be able to distinguish the
various kinds of holders
and the defenses available
to defeat the claims of such
holders

3.
4.
5.
6.

negotiable instrument

Presentment
Acceptance
Dishonor
Discharge

1. Kinds of holders
2. Kinds of defenses

Lecture discussion
Reading Assignments
Case analysis

At the end of the session, the

students are expected to be able
to identify the different kinds of
holders and defenses that can
defeat the claim of such holders.

Final Examinations

Professional
competence

Quiz
Seatworks
Recitation

2 hrs
Subtotal: 18hrs
2 hrs
Subtotal: 18hrs
TOTAL: 54
HRS

Final Examination

II.

4 hours

GRADING SYSTEM:

For Professional Board Examination Subjects: the cut-off score is 70%. The highest possible grade is ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest failing grade
is sixty-five (65).
First grading Class standing = 70 % ; Exam = 30 %
Midterms
Class standing = 60 % ; Exam = 40 %
( Tentative Midterm Grade x 2 + First Grading ) / 3 = Midterm Grade
Finals
Class standing = 50 % ; Exam = 50 %
( Tentative Final Grade x 2 + Midterm Grade ) / 3 = Final grade
III.

REFERENCES:
Textbooks: De Leon, H. S. (2010). The Law on Partnership and Corporation, Quezon City: REX Printing Company, Inc.
De Leon, H. S. (2010). The Law on Negotiable Instruments, Quezon City: REX Printing Company, Inc.

Course Number:

Course Description:

BUSLAW2 - 3 Units (lec)

The Law on Partnership, Corporations

and Negotiable Instruments

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 6 of 7

References:
A. Books
De Leon, Hector S. The Philippine negotiable instruments: documents of title. 2009 ed. Manila: Rex, c2009.
Torress, Justo P. The law on business organizations (partnerships and corporation). 2008 ed. Manila: Rex, c2008.
de Leon, Hector M. the Philippine negotiable instruments law and allied laws: annotated. 2010 ed. Manila: Rex, 2010.
Suarez,, Carlos B. The law on obligations and contracts: for business students. 2001 ed. Manila: GIC, c2011.
Jurado, Desiderio p. Comments and jurisprudence on obligations and contracts. 12th ed. Manila: Rex, c2010.
De Leon, Hector S. Comments and cases on obligation and contract. 5th ed. Manila: Rex, c2010.
De Leon, Hector S. the law on obligations and contracts. 2008 rev. ed. Manila: rex, c2008.

Prepared by:
ACC/TAX/BL/BA GROUP
Noted by:

MS. ALLYN C. GARIBAY

Assigned Librarian

MS. RUBY R. BUCCAT, MBA

Program Chair, BA

MR. RHAD VIC F. ESTOQUE, CPA, MBA

Program Chair, AC

Approved by:
DR. KAREEN B. LEON, CPA
Dean, UB SBAA

Course Number:

Course Description:

BUSLAW2 - 3 Units (lec)

The Law on Partnership, Corporations

and Negotiable Instruments

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 7 of 7