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COURSE PLAN
VISION
Malayan Colleges Laguna shall be a global steeple of excellence in professional education and research.

MISSION
To educate students to have the technical competencies, soft skill and global perspective as to be the most sough-after graduates by industry worldwide.
To produce social wealth from the generation of new knowledge.
To help solve industry’s and society’s problems by the expert application of existing knowledge.

GRADUATE ATTRIBUTES
Malayan Colleges Laguna graduates at the undergraduate level are expected to be:
 Competent professionals who acquired the disposition and capabilities that would enable them to function effectively in their chosen profession.
 Problem solvers capable of critical and creative thinking.
 Effective communicators with good interpersonal skills, who can manage workplace communication in English and in Filipino.
 Responsible citizens with an interest in local and international affairs, with appreciation and respect for different cultures.
More specifically, they areare expected to:
 Demonstrate fundamental knowledge and skills required for functioning effectively as an entry-level professional.
 Integrate and apply these fundamental knowledge and skills effectively in practice.
 Work collaboratively within a team, and have an understanding of leadership and be prepared to lead a team.
 Be aware of the global trends and opportunities in their professions.
 Demonstrate an understanding of the elements of entrepreneurship.
 Recognize the need to make themselves better through connectedness (such as information literacy) and continual learning for professional or personal development.
 Identify, define, and resolve problems relevant to their future professional practice or daily life.
 Examine and evaluate the validity of information, arguments, and different viewpoints, and reach a sound judgment on the basis of reliable evidence and logical reasoning.
 Generate and experiment with novel ideas, methods, and approaches.
 Communicate ideas and establish positive relationships with different people across a range of professional and personal contexts.
 Comprehend and communicate effectively in English and Filipino in professional/work-related contexts, both orally and in writing.
 Acknowledge the need to behave ethically and morally and be willing to engage in services/activities beneficial to the society.
 Be interested and purposely engaged in activities to foster an understanding of local and international affairs and issues.
 Have a sensitivity and respect for cultural diversity.

PROGRAM EDUCATIONAL
OBJECTIVES

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 Be actively engaged in the practice of the Accountancy profession in any of the four sectors (Public Practice, Commerce & Industry, Academe, Government);

 Continuously acquire and maintain professional competence through related work experience and Continuing Professional Development(CPD);

 Practice the professional behavior required in the practice of Accountancy; and,

 Participate in activities gearing towards improvement of their local community or professional organization or the society as a whole.

STUDENT OUTCOMES

Graduates of the Bachelor of Science in Accountancy Program are expected to demonstrate the following:

a. Knowledge in accounting and taxation as well as proficiency in the application of relevant national and international financial reporting standards;

b. Ability in designing, implementing and auditing accounting information systems and ensuring relevant internal controls are present;

c. Ability to provide critical analysis reports to aid management’s decision-making process;

d. Understanding of finance, financial markets and financial management strategies and how they affect the business;

e. Knowledge of business laws and their relevance to business operations and decisions;

f. Skills in strategic, business process and business risk analysis to aid in the conduct of audit;

g. Proficiency in the application of national and international standards in the conduct of an audit;

h. Adherence to the accountancy law and the Code of Professional Ethics for professional accountants;

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i. Ability to synthesize research information about current issues in the various sectors of the accountancy practice.

j. Critical and logical problem-solving and decision-making skills in terms of operating, financing and investing decisions in business;

k. Proper workplace communication and interpersonal skills in diverse, multi-cultural environments;

l. Effective leadership and project management abilities; and

m. Virtues of discipline, punctuality, honesty and responsibility.

COLLEGE / DEPARTMENT : E.T. YUCHENGCO COLLEGE OF BUSINESS/ACCOUNTANCY

COURSE CODE : LAW 102

COURSE TITLE : LAW ON BUSINESS ORGANIZATIONS

PREREQUISITE : Law 101

COREQUISITE : None
CREDIT UNIT(S) : Three (3) units
CLASS SCHEDULE : 1.5 hours per meeting / 4.5 hours per week

COURSE DESCRIPTION
This course is intended to give the students a broad knowledge of legal provisions governing business associations – limited liability company, sole proprietorship, joint venture, cooperative, partnership and
corporations. Topics include: nature of partnerships; elements and kinds of partnership; formalities required; rules of management, distribution of profits, and sharing of losses and liabilities; modes of dissolution;
limited partnership; nature and classes of corporations; requirements for incorporation; powers of a corporation (expressed, implied and incidental); Board of Directors; classes of stock; powers and obligations of
stockholders; majority and minority controls; corporate reorganization (mergers, consolidations, and other business combinations); modes of dissolution and liquidation; and statutory books, records, and returns
required for a corporation.

A student completing this course should at the minimum be able to:

1. Apply their knowledge of business organizations and related laws on problems, cases, and real life situations. (SOe)
2. Practice discipline, punctuality, honesty, and responsibility.(SOm)
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WEEK TOPIC LEARNING OUTCOMES TEACHING/LEARNING ACTIVITIES ASSESSMENT METHODS/TASKS DATE COVERED
I. Course Orientation
 Be aware of the course requirements, grade
II. Law on Partnership, Sole Proprietorship, and Joint components and the topics to be covered in
Ventures, and Cooperatives the course
Introduction:
 Nature of Commercial Laws 1. Differentiate the 5 types of business
 State intervention in the conduct of business organizations(Sole Prop., Partnership, Lecture-Multi-media presentation
Discussion Ask Questions
 As distinguished from corporation Corporation, Joint Venture, and
15-17 January
1-2  Elements and kinds Cooperative), its elements, nature and
2018
 Formalities required formalities required by law. (C02)
 Rules of management 2. Differentiate the kinds of partners, its rights
 Distribution of profits and losses and obligations.(CO4)
 Sharing of losses and liabilities 3. Discuss the rules of management, its
 Modes of dissolution distribution of profits and losses.(CO3)
III. Limited Partnership(Arts. 1843-1867, Civil Code of 4. Explain sharing of losses, dissolution and
the Philippines) liquidation. (CO3)

3 Corporation Code of the Philippines (BP Blg. 68) Recitation 22-24 January
I. Definition and Classification (Secs. 1-9) Ask Questions 2018
A. Corporation, defined 5. Explain the nature and organization of Quiz
B. Classes of Corporation corporations. (CO1, 2 and 3)
C. Corporators and Incorporators, Stockholders and 6. Enumerate the requirements of
Members corporations. (CO2, 3 and 6)
D. Classification of Shares 7. Define the powers of corporations. (CO5) Lecture-Multi-media presentation
E. Powers of a Corporation 8. Present the formalities required in the Discussion
II. Incorporation and Organization of Private organization of corporations. (C03)
Corporations 9. Apply the requirements, procedures and
(Secs. 10-22) regulations of SEC on case problems. (CO2)
A. Number and Qualifications of Corporations
B. Corporate Term
C. Min. Capital Stock Required of Stock Corporation
D. Amount of Capital Stock to be Subscribed and Paid for
Incorporation
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E. Articles of Incorporation
F. Amendment of Articles of Corporation
G. Commencement of Corporate Existence
F. De Facto Corporation, Corporation by estoppel
III. By-Laws (Secs. 46-48)

IV. Powers of a Corporation (Secs. 36-45)
Corporate Powers and Capacity
A. Power to extend/shorten corporate life
B. Power to increase/decrease capital stock; incur,
create, or increase bonded indebtedness
C. Power to deny pre-emptive right
D. Sale or other disposition of assets
4 Ask Questions
E. Power to acquire own shares
F. Power to invest corporate funds in another
corporation and/or business
G. Power to declare dividends
H. Power to enter into management contract
I. Ultra vires acts of Corporation
10. Discuss the express, implied, and incidental
powers of a corporation. (CO5)
11. Discuss the power of a corporation to
shorten/extend its life. (CO5)
12. Discuss the powers and capacity of a
corporation in terms of its capital stock,
Recitation
assets, and shares. (CO5) 29-31 January
13. Discuss the corporate powers to declare Lecture-Multi-media presentation 2018
dividends and enter into management Discussion
contracts
14. Discuss the acts that corporations cannot
exercise. (CO5)
15. Determine charges against capital,
registration and remedies. (CO6)

PRELIMINARY COURSE ASSESSMENT

4
Date Given: February 5, 2018 Validated By: Program Chair/ Date

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V. Board of Directors/Trustees/Officers (Secs. 23-35) 16. Define the qualifications and powers of the
A. Board of Directors or Trustees Board of Directors. (CO5)
B. Election of Directors or Trustees 17. Differentiate the powers and duties of
C. Corporate Officers, Quorum corporate officers and directors. (CO5)
D. Disqualifications of Directors, Trustees, or Officers 18. Identify the requirements for the
E. Removal of Directors, Trustees appointment, re-appointment, replacement
F. Liability of Directors, Trustees, or Officers of External Auditors. (CO5)
G. Dealings of Directors, Trustees, or Officers with the 19. Determine the duties and responsibilities of
Corporation external auditors.(CO5) Lecture-Multi-media presentation Ask Questions 7- 12
H. Disloyalty of a Director 20. Identify the rights and powers of Discussion Recitation February 2018
5 I. Executive Committee stockholders, including their duties and Online Quiz
J. External auditors obligations. (CO5)
 The appointment and reappointment
of auditors
 Removal, resignation and replacement of
auditors
 Duties and responsibilities

6-7
VI. Stocks and Stockholders/Members (Secs. 60-73) 21. Identify and discuss the rights and powers
A. Subscription contract of stockholders, including their duties and
B. Pre-incorporation subscription obligations. (CO5) Lecture-Multi-media presentation Ask Questions 19- 22
C. Consideration of stock and transfer shares 22. Discuss the capital and financing Discussion Recitation February 2018
D. Rights of unpaid shares requirements of corporations in reference Quiz
E. Powers, rights, and obligations of stockholders to issuance and subscription of stocks.
(including remedial rights, derivative suit, and rights in (CO6)
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relation to corporate books and records and appraisal

right)
F. Stockholders Meeting.
VII. Meetings (Secs. 49-59)
VIII. Corporate Books and Records (Secs. 74-75)
IX. Appraisal Right (Secs. 81-86)

IX. Mergers and Consolidation (Secs. 76-80) 23. Define mergers, consolidations and other
A. Definition of Merger and Consolidation business combinations. (CO7)
B. Plan of Merger or Consolidation 24. Differentiate their characteristics. (CO7) Lecture-Multi-media presentation Ask Questions 26- 28
8
C. Approval, Procedure and Effectivity of Mergers or 25. Explain the powers, rights and obligations Discussion Recitation February 2018
Consolidation of individual corporations involved in Quiz March 1 2018
D. Effects of Merger or Consolidation corporate reorganization. (CO7)

MIDTERM COURSE ASSESSMENT

8 7 March 2018 Program Chair/ Date

Date Given: Validated By:

X. Foreign Corporations (Secs. 123-136) 26. Discuss the requirements, rights and
A. License to do business (purpose of the license, obligations of foreign corporations,
requirements for application / issuance of license, and including investments, license and stocks.
9-10 consequence of doing business without a license) (C08)
B. Definition and rights of foreign corporations 27. Discuss and enumerate the other kinds of Lecture-Multi-media presentation Ask Questions 12-15 March
C. Definition of doing business and its relation to foreign corporation and the rules of their Discussion Recitation 2018
investments; isolated transactions (in relation to incorporation. (CO9) Quiz
Omnibus Investment Code (Executive Order No. 226)
and Foreign Investments Act of 1991 (Republic Act No.
7042)
D. Resident agent (purpose, qualifications)
E. Suits against foreign corporations and right to sue
F. Suspension/revocation of license
G. Withdrawal from business
H. Kinds and availability of corporate books
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XI. Other Corporations (Secs. 87-104)

A. Non-Stock Corporations
B. Close Corporations
C. Special Corporations

X. Dissolution and Liquidation (Secs. 117-122) 28. Explain the procedures dissolution and
A. Methods and Kinds of Dissolution liquidation of corporations. (CO7)
B. Requirements in Dissolution (SEC, BIR, and other 29. Enumerate the rights of creditors and third
11 government requisites) parties. (CO7) Lecture-Multi-media presentation Ask Questions 19-26 March
C. Liquidation and its Methods 30. Discuss the relevant laws and regulations Discussion Recitation 2018
D. Receivership and Trusteeship on corporate rehabilitation. (CO7) Quiz
E. Management Committee or Rehabilitation Receiver
XI. Corporate Rehabilitation (Supreme Court Rules of
Procedure on Corporate Rehabilitation, SC A.M. No. 00-
8-10-SC)

FINAL COURSE ASSESSMENT

28 March 2018 Program Chair/ Date
Date Given: Validated By:
12

*To track the progress of the course, students and professors should take note of the date when the topic was covered.

De Leon, H. (Latest Edition). The Law on Partnership and Private Corporations. Rex Bookstore. Manila.

CHAVEZ, JOSEPHRALLY JR. (2012). Corporation law Simplified. Rex Bookstore, Inc, Manila.
DE LEON, HECTOR S. (2010). Comprehensive Review of Business Law. Rex Bookstore, Inc, Manila.
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LADIA, RUBEN. (2012)Corporation Law. Central Bookstore.

SORIANO, F. (2012).Partnerships & Corporation Law & Application. GIC Enterprises.
VILLANUEVA, CESAR L. (2012) Philippine Corporate Law. Rex Bookstore.

www.chanrobles.net
www.lawphil.net
www.sec.gov.ph
www.supremecourt.gov.ph

The final grade of the students is based on the following components:

Prelims 20%
Midterms 20%
Finals 20%
Quizzes 25%
Learning Tasks
 group reporting (oral - 8% and written - 5%)
15%
 recitation, assignments, attendance – 2%

TOTAL 100%

The final grade of the student is interpreted as shown on the table below.

Above 91.51 - 87.01 - 82.51 - 78.01 - 73.51 - 69.01 - 64.51 - 60.00 - Below
AVERAGE (%)
96.00 96.00 91.50 87.00 82.50 78.00 73.50 69.00 64.50 60.00
FINAL GRADE 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 5.00

Aside from academic deficiency, other grounds to fail the course are the following:
 Per Section 1551 of CHED’s Manual of Regulations for Private Educational Institutions, a student who has incurred more than 20% of the total number of school days (i.e., 5 unexcused absences) shall not be
given credit to the course regardless of class standing. For further provisions of the said policy, please refer to the MCL Student Catalogue.
 Other grounds as stipulated in the MCL Student Catalogue, and other relevant policies and regulations that may be promulgated from time to time.

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AVAILABLE COURSE MATERIALS

a. Course Syllabus
b. List of Reading Materials and References
c. Study Guide

OTHER COURSE POLICIES

LANGUAGE OF INSTRUCTION
English is the medium of instruction. Lectures, discussions, and documentation will be in English. Code switching is highly discouraged and the use of other languages aside from English in communicating
and in presenting course works will be a valid ground for demerits in that given exercise.

ATTENDANCE
Per Section 1551 of CHED’s Manual of Regulations for Private Educational Institutions, a student who has incurred absences more than twenty percent (20%) of the total number of school days shall not be
given credit to the course regardless of class standing. For further provisions of the said policy, please refer to the MCL Student Catalogue.

HOMEWORK, WRITTEN REPORTS AND REACTION PAPERS

All homework and other assigned courseworksmust be submitted on time.

COURSE PORTFOLIO
All exercises and requirements for the course are to be compiled by the students as part of their portfolio. The same must be made available for inspection by the Instructor before the end of the term.

HONOR, DRESS, AND GROOMING CODE

Other provisions stipulated in the MCL Student Catalogue will be enforced in and out of the classroom. ETYCB students are required to wear the executive uniform every day except Wednesdays & Saturdays.
Students who violate the related offenses will not be permitted to attend classes without being cleared by the Student Affairs Office or the Guidance Office.

COMMITTEE MEMBERS
COURSE COORDINATOR REA M. ROXAS
COMMITTEE MEMBERS PROF. RIZALINA B. ONG

CONSULTATION SCHEDULE

NAME OF FACULTY MEMBER :

EMAIL ADDRESS:
DAYS AVAILABLE:
TIME AND VENUE:

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