Documente Academic
Documente Profesional
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COURSE SYLLABUS
Summer 2016
1. Understand and explain the definition, nature and significance of corporate form
and other juridical persons;
2. Describe the rights and obligations of partners in a partnership;
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3. Identify the appropriate legal article in given cases and give solutions to
problem-situations by applying the appropriate legal principles
4. Have a working knowledge of the law of partnerships and apply such know-
how in the conduct of business;
5. Exhibit the values of integrity, propriety and social responsibility whenever a
partnership is used as a format for business operations; and
6. Make sound investment decisions in accordance with the law on partnerships.
I. Contract of Partnership
1. General Concepts
a. Elements
b. Essential Features of Partnership
c. Existence of a valid contract
d. Legal capacity of parties to enter into the contract
e. contribution of property, money or industry to the common fund
f. Legality of the object.
g. Purpose to obtain profits, sharing of profits and sharing of losses
h. Partnership as a juridical person
i. effect of failure to comply with statutory requirements
2. Test to determine existence of partnership
3. Forms of Partnership Contract
4. Classification of Partnership
II. Rights and Obligations of Partnership
1. Object and Purpose of the partnership
2. Effects of unlawful partnership
3. Right to return of contribution where partnership is unlawful
4. Right to receive profits where partnership is unlawful
5. registration of partnership
6. Inventory of contributions of real property, when not required
III. Relations created by partnership, obligations of the partners among themselves
IV. Property rights of a partner
V. Obligations of Partnership/Partners to Third Persons
VI. Dissolution
VII. Limited Partnership
A qualifying final grade of 60% is required for all students who pass this course.
FINAL GRADE:
Attendance 50%
Final Work output 30%
Assignments 20%
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GRADE SYSTEM:
Grade
Equivalence Description
Point
1. Partnership and Corporation by Hector S. De Leon and Hector M. De Leon, Jr. (Manila:
Rex Bookstore, 2010, 2004).