LYCEUM OF THE EAST – AURORA, Inc.

MARIA AURORA 3202, AURORA PROVINCE, PHILIPPINES

36

COLLEGE OF ACCOUNTANCY AND FINANCE

COURSE TITLE : Business Laws and Regulations

COURSE CODE : Law 20023
CREDIT UNITS : 3 Units
COURSE PREREQUISITE : LAW 20013
COURSE DESCRIPTION : This is a study of Laws governing Agency, Partnerships, and Corporations. The course will focus on the basic principles
provided by these special laws, and the application of these principles to the various relationships created by these business
transactions.

Institutional Learning Outcomes Program Outcomes Course Outcomes

1. Creative and Critical Thinking Students to apply ethical values, global awareness and Upon successful completion of Business Law
technological skills to identify problems and issues making course, the student will be able to Demonstrate an
Graduates to apply critical thinking skills to appropriate decisions related to business problems and be able understanding of the Legal Environment of
formulate viable solutions to business to apply general Business Law concepts in the business world. Business, Apply basic legal knowledge to business
problems by using basic legal and business transactions and Communicate effectively using
concepts. standard business and legal terminology.

2. Effective Communication

Graduates to gain effective development,

interpretation, and expression of ideas
through written and visual communication

3. Strong Service Orientation

Graduates to exemplify their potentialities of

an efficient, well-rounded and responsible
professional deeply committed to service
excellence

4. Community Engagement

Graduates to develop love for doing

community, social and charitable works.
 LYCEUM OF THE EAST – AURORA, Inc.
MARIA AURORA 3202, AURORA PROVINCE, PHILIPPINES

5. Adeptness in the Responsible

Use of Technology Graduates demonstrate

optimized use of digital learning abilities,
including technical and numerical skills.

6. Passion to Lifelong Learning

Graduates are enabled to perform and

function in the society by taking
responsibility in their quest to know more
about the world through lifelong learning.

7. High Level of Leadership and

Organizational Skills

Graduates are developed to

become the best professionalsin their
respective disciplines by manifesting the
appropriate skills and leaderships qualities.

8. Sense of Personal and Professional Ethics

Graduates to display ethical values and global
awareness related to business problems either in
their personal and professional circumstances.

9. Sense of National and Global Responsiveness

Graduates’ deep sense of nationalism
compliments to the global village where one’s
culture and other people culture are respected.

Course Plan
Week Topic Intended Learning Teaching Learning Resources Assessment
Outcomes Activities
1 i. Introduction to course, Course overview Course syllabus
overview of subject,
explanation of policies and
grading system
ii. Introduction to Law
2 General Provisions 1. To recognize the relations  Forums and  https://  Quizzes
 LYCEUM OF THE EAST – AURORA, Inc.
MARIA AURORA 3202, AURORA PROVINCE, PHILIPPINES

III. Obligations of the created by contract of discussion kupdf.net/  Performance

Partners partnership.  Analysis of case download/law- based
 Obligations of the 2. To identify the various intended to on-partnership- assessment
Partners Among obligation of the partners, bring out the and-corporation- thru:
Themselves particularly to the: critical analysis by-hector-de-
 Property Rights of a partnership, co-partners and to skills of leon_59657cead  Graded
Partners third persons students. c0d6075302be3 Recitation on
 Obligations of the 3. To apply the rules on  Multi-media 10_pdf Individual or
Partners with Regard to management of a partnership. based teaching  Civil Code of Group
Third Persons 4. To determine the obligation of techniques the Philippines discussion on
the partnership to the partners.  Interactive Annotated, Research
5. To know the property rights Seatwork and Special  Assignme
of a partner. board work Contracts, Title nt or Case
6. To explain the rules in the IX. Partnership Study
distribution of profit, losses Article 1767.
and liabilities in a partnership  Civil Law
among the partners. Memory Aid,
San Beda
College of Law,
page 371

3 I. Dissolution and 1. To identify the voluntary and  Follow-up activity to  https://  Quizzes
Winding Up involuntary causes of the previous lesson www.alburolaw.c  Performance
II. Limited Partnership dissolution  Simulation om/corporation- based
 Private Corporations: 2. To determine the different  Case studies vs-partnership/ assessment
The Corporation Code ground for dissolution.  Analysis of case thru:
of the Philippines 3. To know the effect of intended to bring  Civil Code of
 General Provisions: various models of dissolution out the critical the Philippines  Graded
Definition and 4. To comprehend the manner analysis skills of Annotated, Recitation on
Classifications of winding up/liquidation students. Special Individual or
5. To determine assets  Multi-media Contracts, Title Group
distribution in cases the based teaching IX. Partnership discussion on
partnership is dissolved techniques Article 1767. Research
 Interactive  Civil Law Assignment or
Seatwork and Memory Aid, Case Study
board work San Beda
College of Law,

4 III. Limited Partnership 1.To understand the concept and  Lecture and  https://  Quizzes
IV. Private Corporations: characteristic of limited discussion www.officialgaze  Performance
 LYCEUM OF THE EAST – AURORA, Inc.
MARIA AURORA 3202, AURORA PROVINCE, PHILIPPINES

The Corporation Code partnership  Multi-media tte.gov.ph/ based

of the Philippines 2. To identify the registration based teaching downloads/ assessment
V. General Provisions: requirements for its formation techniques 2019/02feb/ thru:
Definition and 3. To determine the rights and  Interactive 20190220-RA-
Classifications liabilities of a limited partner. Seatwork and 11232-RRD.pdf  Graded
4. To Know the effect of death, board work  https:// Recitation on
insolvency, and insanity of a www.sec.gov.ph/ Individual or
partner upon limited wp-content/ Group
partnership. uploads/ discussion on
5. To be familiar with ways to 2021/06/2021RC Research
effect amendments of Articles C_REVISED- Assignment or
and Cancellation of CORPORATION Case Study
Certificate. -CODE_as-of-
6. To know how a limited June-102021.pdf
partnership is dissolved and  http://
liquidated. sc.judiciary.gov.p
7. Identify and understand the h/decisions/
Corporation code of the
Philippines
5-6 V. Incorporation and 1. To explain the contents of  Lecture and  Quizzes
Organization of Private Articles of Incorporation. discussion  https://  Performance
Corporations 2. To explain the requirements for  Multi-media www.dlapiperint based
VI. Board of incorporation. based teaching elligence.com/ assessment
Directors/Trustees/Offi 3. To determine the role of the techniques goingglobal/ thru:
cers Securities and Exchange  Interactive corporate/
VII. Powers of Corporation Commission in the Seatwork and index.html?t=15-  Graded
VIII. By-Laws commencement of corporate board work director-officer- Recitation on
existence. requirem Individual or
4. To identify the requirements for ents&c=PH Group
formal organization of a discussion on
corporation. Research
5. To determine those acts of the  Assignment
corporation which constitute or Case
commencement of business. Study
6. Identify the number of
Incorporators, Directors, Trustees
and Officers.
7. To explain and identify the
express, implied and incidental
powers of the
8. To distinguished ultra vires and
 LYCEUM OF THE EAST – AURORA, Inc.
MARIA AURORA 3202, AURORA PROVINCE, PHILIPPINES

intra vines acts of the

corporation.
9. To determine the concepts of
dividends and classify them.

7 PRELIM Passing grade in

EXAMINATION the examination.
8-9 IX. Meetings 1. Understand the importance of  Lecture and  https://  Quizzes
X. Stocks and shareholder’s meetings and discussion www.officialgaze  Performance
Stockholders keeping of corporate books and tte.gov.ph/ based
XI. Corporate Books and records in a Corporation  Multi-media downloads/ assessment
Records 2. To define the powers, rights, based teaching 2019/02feb/ thru:
duties, and techniques 20190220-RA-
3. To identify the remedies  Interactive 11232-RRD.pdf  Graded
available to a stockholder. Seatwork and  Civil Code of the Recitation on
4. To explain the concept of board work Philippines Individual or
subscription contract and Annotated, Group
certificate of stock. Special Contracts, discussion on
5. To understand the effect of Title IX. Research
watered stocks and delinquent Partnership  Assignment
shares.  Civil Law or Case
6. To comprehend the effect of Memory Aid, San Studyy
majority and minority control of Beda College of
the stockholders. Law
7. To define the various books and  https://
records required to be kept and www.chanrobles.
maintained by the corporation, com/
particularly the stock and transfer legal5title6.htm
book.
MID-TERM Passing grade in
EXAMINATION the examination.
10-13 XII. Merger and 1. Compare and contrast Merger  Review of answers  https://  Quizzes
Consolidation and Consolidation. in the midterm chanrobles.com/  Performance
XIII. Appraisal Right 2. To distinguish stock from Non- examination legal5title9.htm based
XIV. Non-Stock Corporation stock corporation. assessment
3. To determine and understand thru:
the laws that governs
association and clubs, and the  Graded
rights and duties of members. Recitation on
4. To identify the different kinds Individual or
 LYCEUM OF THE EAST – AURORA, Inc.
MARIA AURORA 3202, AURORA PROVINCE, PHILIPPINES

of special corporation. Group

5. To determine the requirements discussion on
in the establishment, Research
registration, organization,  Assignment
revocation and withdrawal of or Case
foreign corporation. Study
6. To determine the rights and
liabilities of foreign corporation
doing business in the
Philippines whether licensed or
not.
14-15 XV. Close Corporations Prepare and present reports on  Lecture and  https://  Quizzes
XVI. Special Corporation special corporation discussion www.chanrobles.co  Performance
XVII. Educational m/legal5title12.htm based
Corporation  https:// assessment
www.sec.gov.ph/wp- thru:
content/uploads/
2021/06/2021RCC_R  Graded
EVISED- Recitation on
CORPORATION- Individual or
CODE_as-of-June- Group
102021.pdf discussion on
 https:// Research
www.projectjurispru  Assignment
dence.com/2018/12/ or Case
educational- Study
corporations.html
16-17 XVIII. Religious Prepare and present reports on  Group report  https://  Quizzes
Corporations special corporation Simulation chanrobles.com/  Performance
XIX. Dissolution legal5title13.htm based
XX. Foreign Corporation  Civil Code of the assessment
XXI. Miscellaneous Philippines thru:
Provision Annotated,
Special Contracts,  Graded
Title IX. Recitation on
Partnership Individual or
 Civil Law Group
Memory Aid, San discussion on
Beda College of Research
Law  Assignment or
 LYCEUM OF THE EAST – AURORA, Inc.
MARIA AURORA 3202, AURORA PROVINCE, PHILIPPINES

Case Study
18 FINAL EXAMINATION Passing grade in the
examination.

READING AND REFERENCE

The Law on Partnership and Private Corporation by Hector De Leon
The Corporation Code of the Philippines SEC Act no. 1459 – LawPhil Supreme Court Decisions
Article 1767 Partnership) Civil Code of the Philippines
Civil Code of the Philippines Annotated, Special Contracts, Title IX. Partnership
Civil Law Memory Aid, San Beda College of Law

Course Grading System

1. Individual coursework (Quizzes, Recitations, Activities) – 20%
2. Group coursework ( Projects and Reports) - 10%
3. Prelim Exam - 20%
4. Midterm Exam - 20%
5. Attendance to online conferences - 10%
6. Final Exam, output & project - 20%
100 %
Classroom Policy
PLAGIARISM will not be tolerated
Late submission of requirements will be a clear deduction from grades
Emails sent to the Instructor must always indicate the complete name of the student using their own email Remove distractions and unnecessary noise during online classes
Muting audio upon entry to the online courses and waiting for your speech. Wear proper attire during online discussions
Consultation Time
4:00 pm – 5:00 pm Friday only

Prepared By: Reviewed By: Approved By:

Ms. Crissel Kane S. Carpio Mr. Rodante A. Marquez Jr.

Chief Academic Officer