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.

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 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;
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

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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%

GRADE SYSTEM:

Grade Equivalen
Description
Point ce

1.00 97-100 Excellent

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