SAN BEDA UNIVERSITY

COLLEGE OF ARTS & SCIENCES

COURSE SYLLABUS
First Semester, AY 2018 – 2019

Vision-Mission Statement : San Beda University, 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 University envisions a community that is Fully Human, Wholly Christian, Truly Filipino, and Globally Competitive.
Mission : San Beda University aims to form its members in Faith, Knowledge, and Virtue
Core Values : Inculcate in the students the Benedictine core values of Study, Community, and Pursuit of Peace; Ora et Labora.
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Course Title : BUSINESS LAWS AND REGULATIONS (1)
Course Code : BUSLAW (1)
Prerequisite : OBLICON
Credits : 3 units
Instructor :
Email : accdepartment.sanbeda@yahoo.com
Office : Department of Accountancy & Taxation
Consultation Hours :
Venue : 2ND Floor, St. Anselm’s Building, San Beda University Manila

I. Course Description:
This course is intended to give the students a broad knowledge of legal provisions governing business associations – limited liability company, partnership, corporations, and
cooperatives. The Securities Regulation Code is also taken up in this course.

II. Course Outcomes:

Upon satisfactorily finishing this course, the student will be able to:
1. Discuss the law and basic principles appertaining to different forms of business organizations.
2. Apply the specific provisions of the law on business organizations to various situation business transactions.
3. Justify decisions on various situation affecting business organization
4. Evaluate the different rights and remedies available to protect ownership in any business organization.
5. Relate the Benedictine core values to the proper implementation of the law on business organization.

MENTORING THE BEDAN ACCOUNTANT

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6. Demonstrate the integration of the Benedictine core values, and promotion of professional ethics in the IT Audit practice.

III. Course Outline

Course Time Assessment Tools
Learning Outcomes TOPICS Teaching Strategies / Activities
Objective Allotment / Tasks
1st Week COURSE ORIENTATION
CO 1, 2, □ Apply critically and analytically the  Lecture and guided  Guided
5,6 true essence of the law on business ARTICLES 1767-1775 discussion Discussions
organizations; and relate these to daily  Choosing the form of business  Case presentation  Case studies
business transactions. organization  Information sharing 
□ Interpret specific provisions of the law  Brief history of partnership  Industry Bridging activities
and evaluate how these will be applied  Meaning of Partnership –  Group / Team Learning
to specific business transactions delectus personae
□ Evaluate various business matters in  Characteristic of partnership as
accordance with the law. a business organization and as a
□ Relate the Benedictine core values to contract
the proper implementation of the law  Partnership distinguished from
on business organizations. co-ownership
 Form of partnership contract
 Juridical personality
CO 1, 2, 2nd Week ARTICLES 1776-1783  Lecture and guided  Guided
3, 5,6 □ Apply critically and analytically the  Article of partnership discussion Discussions
true essence of the law on business  Kinds of partners  Case presentation  Case studies
organizations; and relate these to daily  Kinds of partnership  Information sharing 
business transactions.  Universal partnership  Industry Bridging activities
□ Interpret specific provisions of the law  Particular partnership  Group / Team Learning
and evaluate how these will be applied
to specific business transactions
□ Evaluate various business matters in
accordance with the law.
□ Relate the Benedictine core values to
the proper implementation of the law
on business organizations.

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

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Course Time Assessment Tools

Learning Outcomes TOPICS Teaching Strategies / Activities
Objective Allotment / Tasks
CO 1, 2, 2nd -3rd ARTICLES 1784-1803  Lecture and guided  Guided
3, 5,6 □ Apply critically and analytically the Week  Relations established in a discussion Discussions
true essence of the law on business partnership  Case presentation  Case studies
organizations; and relate these to daily  Obligations of the partners to  Information sharing 
business transactions. the partnership  Industry Bridging activities
□ Interpret specific provisions of the law  Profit and loss sharing  Group / Team Learning
and evaluate how these will be applied  Appointment of managing
to specific business transactions Partners
□ Evaluate various business matters in  Stipulations on exercises of
accordance with the law. management power
□ Relate the Benedictine core values to
the proper implementation of the law
on business organizations.
CO 1, 2, 3rd -4th ARTICLES 1810-1814  Lecture and guided  Guided
3, 4, 5,6 □ Apply critically and analytically the Week  Property Rights of a partner discussion Discussions
true essence of the law on business  Other rights  Case presentation  Case studies
organizations; and relate these to daily  Nature of Partner’s Interest  Information sharing 
business transactions.  Effects of assignments or  Industry Bridging activities
□ Interpret specific provisions of the law attachment of partner’s interest  Group / Team Learning
and evaluate how these will be applied
to specific business transactions
□ Evaluate various business matters in
accordance with the law.
□ Relate the Benedictine core values to
the proper implementation of the law
on business organizations.
CO 1, 2, 4th-5th Articles 1815-1827  Lecture and guided  Guided
3, 5,6 □ Apply critically and analytically the Week  Firm Name discussion Discussions
true essence of the law on business  Liability  Case presentation  Case studies
organizations; and relate these to daily  Notice to partners  Information sharing 
business transactions.  Liability of accounts of partner  Industry Bridging activities

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

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Course Time Assessment Tools

Learning Outcomes TOPICS Teaching Strategies / Activities
Objective Allotment / Tasks
□ Interpret specific provisions of the law  Partnership by estoppels  Group / Team Learning
and evaluate how these will be applied  Liability of incoming partner
to specific business transactions  Preference as to creditors
□ Evaluate various business matters in
accordance with the law.
□ Relate the Benedictine core values to
the proper implementation of the law
on business organizations.
CO 1, 2, 5th- 6th ARTICLES 1828-1837  Lecture and guided  Guided
3, 5,6 □ Apply critically and analytically the Week  Dissolution discussion Discussions
true essence of the law on business  Causes – judicial and extra  Case presentation  Case studies
organizations; and relate these to daily Judicial  Information sharing 
business transactions.  Effects of dissolution  Industry Bridging activities
□ Interpret specific provisions of the law  Rights of partners among  Group / Team Learning
and evaluate how these will be applied themselves
to specific business transactions  Relation of partners to third
□ Evaluate various business matters in persons for contracts after
accordance with the law. dissolution
□ Relate the Benedictine core values to  Liability of partners -when
the proper implementation of the law pro-rate solidary
on business organizations.
 Liquidating partner
 Rights of partners
CO 1, 2, 7th Week ARTICLES 1838-1853  Lecture and guided  Guided
3, 4, 5,6 □ Apply critically and analytically the  Methods of liquidation discussion Discussions
true essence of the law on business  Right of creditors after  Case presentation  Case studies
organizations; and relate these to daily dissolution  Information sharing 
business transactions.  Right of accounting  Industry Bridging activities
□ Interpret specific provisions of the law  Requisites of limited  Group / Team Learning
and evaluate how these will be applied Partnership
to specific business transactions  Distinctions between limited
and general partners

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

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Course Time Assessment Tools

Learning Outcomes TOPICS Teaching Strategies / Activities
Objective Allotment / Tasks
□ Evaluate various business matters in  Powers of general partners
accordance with the law.  Liquidation
□ Relate the Benedictine core values to 1 all-capitalist partners
the proper implementation of the law 2 with conditional partners
on business organizations. 3 with limited partners
CO 1, 2, 8th Week ARTICLES 1854-1867  Lecture and guided  Guided
3, 4, 5,6 □ Apply critically and analytically the □ Rights of limited parties to share discussion Discussions
true essence of the law on business in profits, return of contribution  Case presentation  Case studies
organizations; and relate these to daily  Liability  Information sharing 
business transactions.  Death of limited partner  Industry Bridging activities
□ Interpret specific provisions of the law  Settlement of accounts after  Group / Team Learning
and evaluate how these will be applied dissolution
to specific business transactions  Amendment and cancellation of
□ Evaluate various business matters in certificate
accordance with the law.
□ Relate the Benedictine core values to
the proper implementation of the law
on business organizations.
9th Week MIDTERM EXAMINATION
CO 1, 2, 10th Week SECTIONS 1-5 BP NO. 68  Lecture and guided  Guided
5,6 □ Apply critically and analytically the  Introduction to private discussion Discussions
true essence of the law on business corporations – definition,  Case presentation  Case studies
organizations; and relate these to daily characteristics  Information sharing 
business transactions.  Theory of corporate entity and  Industry Bridging activities
□ Interpret specific provisions of the law piercing the veil of corporate  Group / Team Learning
and evaluate how these will be applied  Distinction from partnership
to specific business transactions  Classes of corporations
□ Evaluate various business matters in  Corporations created by special
accordance with the law. laws
 Corporators, incorporators,
members and stockholders

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

BUSLAW Business Laws and Regulation Page |6

Course Time Assessment Tools

Learning Outcomes TOPICS Teaching Strategies / Activities
Objective Allotment / Tasks
□ Relate the Benedictine core values to
the proper implementation of the law
on business organizations.
CO 1, 2, □ Apply critically and analytically the 11th Week SECTIONS 6-9  Lecture and guided  Guided
3, 5,6 true essence of the law on business  Classification of shares – brief discussion Discussions
organizations; and relate these to daily definition  Case presentation  Case studies
business transactions.  Cases when nonvoting shares  Information sharing 
□ Interpret specific provisions of the law can vote  Industry Bridging activities
and evaluate how these will be applied  Definition of terms – capital  Group / Team Learning
to specific business transactions stock, share of stock and
□ Evaluate various business matters in certificate of stock
accordance with the law.  Treasury shares, founders
□ Relate the Benedictine core values to shares, redeemable shares
the proper implementation of the law
on business organizations.
CO 1, 2, □ Apply critically and analytically the 11th Week SECTIONS 10-19  Lecture and guided  Guided
3, 5,6 true essence of the law on business  Number and qualification of discussion Discussions
organizations; and relate these to daily Incorporators  Case presentation  Case studies
business transactions.  Steps in incorporation  Information sharing 
□ Interpret specific provisions of the law  Corporate term  Industry Bridging activities
and evaluate how these will be applied  Minimum capital stock  Group / Team Learning
to specific business transactions  Pre-incorporation subscription
□ Evaluate various business matters in and paid-up
accordance with the law.  Articles of incorporation –
□ Relate the Benedictine core values to form, contents, amendment and
the proper implementation of the law disapproval
on business organizations.
 Revocation of certificate
 Corporate name
 Commencement of corporate
Existence

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

BUSLAW Business Laws and Regulation Page |7

Course Time Assessment Tools

Learning Outcomes TOPICS Teaching Strategies / Activities
Objective Allotment / Tasks
CO 1, 2, □ Apply critically and analytically the 12th Week SECTIONS 20-40  Lecture and guided  Guided
3, 5,6 true essence of the law on business  De facto corporation – discussion Discussions
organizations; and relate these to daily corporation by estoppels  Case presentation  Case studies
business transactions.  Effect on non-use and  Information sharing 
□ Interpret specific provisions of the law continuous operation  Industry Bridging activities
and evaluate how these will be applied  Directors – qualifications and  Group / Team Learning
to specific business transactions disqualifications
□ Evaluate various business matters in  Method of voting
accordance with the law.  Quorum
□ Relate the Benedictine core values to  Removal – vacancy
the proper implementation of the law
 Liability, disloyalty
on business organizations.
 Contracts with inter-lacking
Directors
 Express powers
 Extend corporate term
 Increase or decrease capital
Stock
 Deny pre-emptive right
 Sale on disposition of assets
 Term
 Who fills-up vacancy
CO 1, 2, □ Apply critically and analytically the 13th SECTIONS 41-48  Lecture and guided  Guided
3, 5,6 true essence of the law on business Week  Acquisition of own shares discussion Discussions
organizations; and relate these to daily  Invest in another business  Case presentation  Case studies
business transactions.  Declare dividends  Information sharing 
□ Interpret specific provisions of the law  Managements contracts – altos  Industry Bridging activities
and evaluate how these will be applied vinas  Group / Team Learning
to specific business transactions  Adoption of by-laws-procedure
□ Evaluate various business matters in  Contents
accordance with the law.
 Validity

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

BUSLAW Business Laws and Regulation Page |8

Course Time Assessment Tools

Learning Outcomes TOPICS Teaching Strategies / Activities
Objective Allotment / Tasks
□ Relate the Benedictine core values to  Amendment
the proper implementation of the law
on business organizations.
CO 1, 2, □ Apply critically and analytically the 14th SECTIONS 49-73  Lecture and guided  Guided
3, 5,6 true essence of the law on business Week  Meetings – kinds, place and discussion Discussions
organizations; and relate these to daily time  Case presentation  Case studies
business transactions.  Quorum  Information sharing 
□ Interpret specific provisions of the law  Right to vote – proxies, voting  Industry Bridging activities
and evaluate how these will be applied direct agreement  Group / Team Learning
to specific business transactions  Subscription contract – rights of
□ Evaluate various business matters in subscription
accordance with the law. O Delinquent
□ Relate the Benedictine core values to O Not-delinquent
the proper implementation of the law  Pre-incorporation subscription
on business organizations.  Consideration for stocks
 Transfer of stocks
 Issuance of certificate
 Stock rights – property,
management
 Watered stock ancillary rights
 Liability – unpaid subscription
 Produce of sale
 Highest bidder
 Lost or destroyed
CO 1, 2, □ Apply critically and analytically the 15th SECTIONS 74-86  Lecture and guided  Guided
3, 4, 5,6 true essence of the law on business Week  Corporate book and records discussion Discussions
organizations; and relate these to daily  Mergers and consolidations  Case presentation  Case studies
business transactions.  Appraisal right  Information sharing 
□ Interpret specific provisions of the law  How exercised  Industry Bridging activities
and evaluate how these will be applied  Costs of appraisal  Group / Team Learning
to specific business transactions

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

BUSLAW Business Laws and Regulation Page |9

Course Time Assessment Tools

Learning Outcomes TOPICS Teaching Strategies / Activities
Objective Allotment / Tasks
□ Evaluate various business matters in
accordance with the law.
□ Relate the Benedictine core values to
the proper implementation of the law
on business organizations.
CO 1, 2, □ Apply critically and analytically the 15-16TH SECTIONS 87-132  Lecture and guided  Guided
3, 5,6 true essence of the law on business Week  Non-stock corporations discussion Discussions
organizations; and relate these to daily  Close corporations, special  Case presentation  Case studies
business transactions. corporations, and religious  Information sharing 
□ Interpret specific provisions of the law corporations  Industry Bridging activities
and evaluate how these will be applied  Dissolution  Group / Team Learning
to specific business transactions  Causes; methods
□ Evaluate various business matters in  Foreign corporations
accordance with the law.
□ Relate the Benedictine core values to
the proper implementation of the law
on business organizations.
□ Apply critically and analytically the 16th-17th COOPERATIVES  Lecture and guided  Guided
CO 1, 2, true essence of the law on  Organization and Registration discussion Discussions
3, 4 cooperatives. of Cooperatives  Case presentation  Case studies
□ Interpret specific provisions of the law  Administration of cooperatives  Industry Bridging activities
and evaluate how these will be applied  Responsibilities, Rights and
to specific business transactions. Privileges of Cooperatives
□ Judge and decide on various business  Capital Property of Funds
matters in accordance with the law on  Audit, Inquiry and Members'
cooperatives. Right to Examine
□ Relate the Benedictine core values to  .Allocation and Distribution of
the proper implementation of these Funds
laws
 Types and Categories of
Cooperatives

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

BUSLAW Business Laws and Regulation P a g e | 10

Course Time Assessment Tools

Learning Outcomes TOPICS Teaching Strategies / Activities
Objective Allotment / Tasks
 Merger and consolidation of
Cooperatives
 Dissolution of cooperatives
18th FINAL EXAMINATIONS

V. Course Requirements
1. Pass the prerequisite subject which is OBLICON
2. Satisfactory accomplishment/submission of:
a. Recitation
b. Reflection paper
c. Quizzes
d. Research/Project
e. Periodical departmental examinations
3. All other policies and procedures contained in the Manual of Regulations for Accounting Students AY 2017-18.

VI. Grading System and Grading Procedure

The University requires professors to evaluate each student’s scholastic performance by giving a midterm grade and a final grade to be computed as follows:
GRADE COMPONENTS MIDTERM FINALS
Average Quizzes* 50% 40%
Class Standing* 10% 10%
To include class recitation, notebook on answered textbook exercises, attendance, recitation and board works
Departmental Midterm Examination result 40% 20%
Departmental Final Examination result - 30%
TOTAL 100% 100%

*Maybe considered combined as 60% Class participation/Performance (for the Midterms) or 50% Class participation/Performance (for the Final grading
period)

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

BUSLAW Business Laws and Regulation P a g e | 11

TABLE OF PERCENTAGE AND GRADE POINT EQUIVALENCE WITH DESCRIPTION:

Percentage Equivalent Grade Point Equivalent Description Percentage Equivalent Grade Point Equivalent Description
VI.
98-100 1 Excellent 83-85 2.25 Very satisfactory
95-97 1.25 Superior 80-82 2.5 Satisfactory
92-94 1.5 Very good 78-79 2.75 Fair
89-91 1.75 Above Average 75-77 3 Pass
86-88 2 Good Below 75 5 Fail
Attendance Policy
1. Students are considered absent if they arrive in class after the first fifteen (15) minutes of the scheduled class period. They may attend the class but will
be marked absent.
2. Students are considered tardy if they arrive in the class within the first fifteen (15) minutes of the scheduled class period. They are marked late or
half-absent on the professor’s daily attendance record. Two (2) instances of tardiness or half-absences are equivalent to a full absence.
3. Student is allowed the following maximum number of hours of absences during the regular term:

STATUS OF COURSE ALLOWABLE STATUS OF COURSE ALLOWABLE

STUDENT CREDITS/UNITS ABSENCES STUDENT CREDITS/UNITS ABSENCES
1 unit 3 hours 1 unit 2 hours
2 units 7 hours 2 units 4 hours
Not on probation 3 units 10 hours On probation 3 units 6 hours
5 units 10 hours 5 units 6 hours
6 units 10 hours 6 units 6 hours
This allowance includes all absences, except approved absences as enumerated in Item no. 6. Students who incur accumulated absences beyond the
allowable number of hours are dropped from the course. They will be given a DF mark in the said course if the official dropping form is not
accomplished.

VI. Learning Resources

1.Prescribed Textbook:
De Leon, H. (2014). The Law on Partnerships and Private Corporations. Rex Printing Company, Inc: Manila.
2. Supplementary Readings and Reference Materials:
Alajar, J. M. (2014). A Practical Application of the Ten Hallmarks of Benedictine Education to the SBC Accountancy Education. Scientia Business
Research Digest, 19-22.

THAT IN ALL THINGS, GOD MAY BE GLORIFIED

BUSLAW Business Laws and Regulation P a g e | 12

De Leon, H., Castañeda, C. (2014). Comprehensive Review of Business Law. Rex Printing Company, Inc: Manila.
Suarez, C. (2014). Pointers in Business Law. Roque Press: Manila.
Suarez, C. (2014). The Law on Partnerships and Private Corporations. GIC Enterprises & Co., Inc: Manila.

Prepared by: Approved:

Faculty of the Department of Accountancy DR. JACKQUI R. MORENO

Faculty Chair, Accountancy Department

Endorsed by: Approved by:

DR. JACKQUI R. MORENO DR. CHRISTIAN BRYAN S. BUSTAMANTE
Vice Dean, CAS- Accountancy and Business Cluster Dean, College of Arts & Sciences

THAT IN ALL THINGS, GOD MAY BE GLORIFIED