Department of Legal Management

College of Arts and Sciences

San Beda College

COURSE SYLLABUS
Summer 2016

Vision-Mission Statement : San Beda College, a Catholic educational institution,

is committed to the Christian formation of the Bedan
Community as its service to the Church, the
Philippine society, and the world.
Vision : San Beda College envisions a community that is Fully
Human, Wholly Christian, Truly Filipino, and
Globally Competitive.
Mission : San Beda College aims to form its members in Faith,
Knowledge, and Virtue
Core Values : Inculcate in the students the Benedictine core values
of Prayer and Work (ora et labora) that include Study,
Community, and Pursuit of Peace

Course Title : PARTNERSHIP LAW

Course Code : LMG09
Credits : 3 units

Instructor : Atty. Jeff E. Datingaling

Email : jeff_e_datingaling@hotmail.com
Office : Office of Associate Justice Jose Catral Mendoza,
Supreme Court of the Philippines; Department of
Legal Management, San Beda College
Consultation Hours : TTh 4:00-5:00 PM
Venue : Office the Department of Legal Management, SBC
Student/s : BENDITA, ANTHONY JUDE

I. Course Description : This course deals with dynamics of Partnerships as a

medium of doing business in the Philippines. It aims to equip students with the
knowledge on the nature of partnerships as an artificial being and its complex
relationship with different stakeholders such as the Public, the stockholders, the state
and the other entities having an interest in it.

II. Course Objectives:

In general, the students is expected to understand the fundamental concepts and

principles affecting the creation, continuity, management, control, rights and liabilities
affecting a partnership.

In particular, the student is expected to:

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;

1
 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.

III. Course Outline

I. Contract of Partnership
1. General Concepts
a. Elements
b. Essential Features of Partnership
c. Existence of a valid contract
d. Legal capacity of aprties 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

IV. Course Requirements

A qualifying final grade of 60% is required for all students who pass this course.

V. Grading System and Grade Procedure

The following shall be the bases of computing the Class Standing, Midterm and Final
Grades:

FINAL GRADE:
Attendance 50%
Final Work output 30%
Assignments 20%

Final Grade 100%

2
GRADE SYSTEM:

Grade
Equivalence Description
Point

1.00 97-100 Excellent

1.25 92-96 Superior
1.50 87-91 Very Good
1.75 82-86 Above Average
2.00 77-81 Good
2.25 72-76 Very
2.50 68-71 Satisfactory
2.75 64-67 Satisfactory
3.00 60-63 Fair
5.00 Below 60 Passed
Failed

VI. Course References

1. Partnership and Corporation by Hector S. De Leon and Hector M. De Leon, Jr. (Manila:
Rex Bookstore, 2010, 2004).