OBLIGATION and CONTRACTS.a.pdf

Colegio de San Juan de Letran Intramuros, Manila College of Business Administration and Accountancy Accountancy Area First Semester, School Year 2007-2008

I.

Course Code

: LAW 1

II.

Course Title

: OBLIGATION AND CONTRACTS

III.

Course Credit

: 3 units

IV.

Course Description

: 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.

V.

Course Rationale

VII.

Course Objectives A. General Objective

: Real life situation expose every individual to different agreements entered into with other parties. It is essential therefore to know the basic principles of law related to contracts and obligations. : : At the end of the course, the students are expected to know the implications of obligations and contracts to their day- to-day living.

B. Specific Objectives 1. Cognitive

: More specifically, the students are subjected to: :

Describe the nature and concept of obligations and contracts

Relate problems concerning obligations and contracts and the applicable laws.

2. Affective

:

•

Acknowledge the importance of values, attitudes and motivation in dealing with obligations and contracts.

3. Psychomotor

:

•

Carry out simple cases regarding obligations and contracts.

VII. Course Outline Specific Objectives State the applicability of the concepts of obligations. Discuss the sources of obligations.

Subject Matter

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

Values Integrated Awareness

Teaching Method

Instructional Materials

Evaluation

Lectures Case Analysis Board work

Law Books News Articles Supreme Court Records Annotated (SCRA) Phil. Reports

Quiz Recitation Seatwork

Integrity Honesty

Case Analysis

Law Books News Articles SCRA Phil. Reports

Compilation of Cases

Honesty

Lectures

Law Books

Quiz

Appreciation

Describe the different modes of extinguishing an obligation. COMMUNITY SERVICE INTEGRATIO N

Time Frame

Expected Output

1st – 7th Learning and week understanding the concepts of obligations, sources of obligations, and the different modes of extinguishing an obligation.

identifying the actions which are considered as breach of contracts

Explain the actions which are considered as breach of contracts. Outline the

7th - 8th

Knowing the

characteristics of contracts.

Case Analysis Board work

Identify the elements and forms of contracts.

News Articles Supreme Court Records Annotated (SCRA) Phil. Reports

Recitation Seatwork Major Exam

week

characteristics of contracts. Learning the elements and forms of contracts.

9th week MIDTERM EXAMINATION Distinguish the differences of defective contracts.

3. Nature and Concepts of Contracts a. Characteristics b. Elements c. Forms d. Reformation e. Interpretation

Reliability and Integrity

Lectures Case Analysis Board work


Quiz Recitation Seatwork Major Exam

10th-16th week.

identifying the differences of defective contracts

Appreciation Integrity Awareness Honesty Compliance

actual cases present within the community


Compilation of solved cases

17th week

Providing the students an indepth knowledge that any breach of contract will produce legal

4. Defective Contracts a. b. c. d. Community Service Integration Provide the students an in-depth

Resistible Voidable Unenforceable Void

Discussion on breach of contracts

knowledge that any breach of contract will produce legal problem FINAL EXAMINATION

problem.

18th week

VIII. Grading System

: Midterm Grade: Class Standing Quizzes Mid-term Exams

-

30% 30% 40% 100%

Pre-final Grade: Class Standing Quizzes Mid-term Exams

Final Grade = (Mid-term Grade + Pre-Final Grade) / 2

IX.

References: Main References:

Other References:

De Leon, Hector, Law on Obligations and Contracts, 2004 edition Suarez, Carlos, Law on Obligation and Contract, 2000 edition Journal of Accounting Journal Accounting Research

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30% 30% 40% 100%

OBLIGATION and CONTRACTS.a.pdf

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