Colegio de San Juan de Letran Intramuros, Manila College of Business Administration and Accountancy Accountancy Area School Year

2005-2006 I. Course Number II. Course Title III. Credit IV. Prerequisite V. Course Description : : : : LAW 1 Law On Obligations and Contracts 3 units None

: 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; therefore, it is essential to know the basic principles of law in relation to contracts and obligations. : : At the end of the course, the students are expected to have described the implications of obligations and contracts to their dayto-day living and have uplifted their knowledge to the possible remedies of debtor/creditors.

VI. Course Rationale VII. Course Objectives A. General Objective

B. Specific Objectives Cognitive Affective

: : : o Describe the nature and concept of obligations and contracts o Analyze problems concerning obligations and contracts and the applicable laws. o Appreciate the importance of values, attitudes and motivation in dealing with obligations and contracts. o Handle simple cases regarding obligations and contracts.

Psychomotor :

SPECIFIC OBJECTIVES

SUBJECT MATTER

VALUES INTEGRATED

STRATEGIES/ TEACHING METHODOLOGY

INSTRUCTIONAL MATERIALS

EVALUATION

TIME

EXPECTED F OUTPUTT R A M E Stated and explained the concepts of obligations. Discussed the sources of obligations. Described the different modes of extinguishing an obligation.

State and explain the applicability of the concepts of obligations. Discuss the sources of obligations. Describe the different modes of extinguishing an obligation.

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

Awareness

Lectures Case Analysis Board work

Appreciation

Books Newspapers Supreme Court Records Annotated (SCRA) Phil. Reports

Quiz Recitation Seatwork

1 10 week

st

th

COMMUNITY SERVICE INTEGRATION Explain the actions which are considered as breach of contracts. MID-TERM EXAMINATION 3. Nature and Concepts of Outline the characteristics of Contracts contracts. a. Characteristics b. Elements Identify the elements and c. Forms forms of contracts. d. Reformation e. Interpretation 4. Defective Contracts Distinguish the differences of defective contracts. a. Rescissible b. Voidable c. Unenforceable d. Void Honesty in the execution of contract. Lectures Case Analysis Board work Books Newspapers Supreme Court Records Annotated (SCRA) Phil. Reports Books Newspapers Supreme Court Records Annotated (SCRA) Phil. Reports Quiz Recitation Seatwork Major Exam 10-14th week. Integrity Honesty Case Analysis Books Newspapers SCRA Phil. Reports Compilation of Case Explained the actions which are considered as breach of contracts. Outlined the characteristics of contracts. Identified the elements and forms of contracts. Quiz Recitation Seatwork Major Exam 15th-18th week. Distinguished the differences of defective contracts.

Reliability and Integrity

Lectures Case Analysis Board work

COMMUNITY SERVICE INTEGRATION Provide the students an indepth knowledge that any breach of contract will produce. Discussion on breach of contracts Appreciation Integrity Awareness Honesty Compliance Actual cases present within the community Books Newspapers Supreme Court Records Annotated (SCRA) Phil. Reports Compilation of solved cases Provided the students an in-depth knowledge that any breach of contract will produce.

FINAL EXAMINATION

VIII. Grading System MIDTERMS CLASS STANDING 30% QUIZZES 30% MIDTERM EXAM 40% MIDTERM GRADE100% FINAL GRADE MIDTERM 50% + PRE-FINAL GRADE 50% = 100% FINALS CLASS STANDING QUIZZES FINAL EXAM PRE-FINAL GRADE 30% 30% 40% 100%

IX.

Course Policies: Policies on attendance, tardiness and academic dishonesty are found in the Student Handbook. In case of missed examination and assignments, the student is given the chance to make-up within a week from the day he/she reported, otherwise, it will be equivalent to 50%.

X.

References: De Leon, Hector, Law on Obligations and Contracts, 2004 edition Suarez, Carlos, Law on Obligation and Contract, 2000 edition