POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

COLLEGE OF ACCOUNTANCY AND FINANCE

ACCOUNTANCY DEPARTMENT

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 BSA and BSMA graduates must demonstrate the ability to review, interpret, evaluate Upon successful completion of Business Law course, the student will be able
Graduates use their imaginative as well as a rational thinking ability to financial data and systems in compliance with established policies, procedures,
to
life situations in order push boundaries, realize possibilities, and deepen guidelines, agreements and/or legislation. They must be able to link data, knowledge,
and insight together with different sources and disciplines to make informed decisions. a. Demonstrate an understanding of the Legal Environment of Business,
their interdisciplinary and general understanding of the world.
b. Apply basic legal knowledge to business transactions, and
2. Effective Communication BSA and BSMA graduates should possess active listening skills and the ability to
Graduates are proficient in the four macro skills in communication
c. Communicate effectively using standard business and legal
effectively communicate one’s point of view, both orally and in writing, at all
(reading, writing, listening, and speaking) and are able to use these skills organizational levels; be able to explain verbally and/or writing financial, statistical,
terminology.
in solving problems, making decisions, and articulating thoughts when administrative matters/policies/procedures/regulatory matters/audit results at a level
engaging with people in various circumstances. appropriate to the audience and must be able to negotiate effectively.
3. Strong Service Orientation
BSA and BSMA graduates should develop an ability to work in groups, possess skills to
Graduates exemplify the potentialities of an efficient, well-rounded and
participate as member of a team or/and contribute to group effort; be able to teach others
responsible professional deeply committed to service excellence. new skills; be able to work to the satisfaction of the clients; negotiate and work with
4. Community Engagement diversity or work well with men and women from diverse backgrounds.
Graduates take an active role in the promotion and fulfillment of various
advocacies (educational, social and environmental) for the advancement BSA and BSMA graduates must work with the highest standards of professionalism, to
of community welfare. attain higher level of performance and generally to meet the public interest, he must
5. Adeptness in the Responsible Use of Technology conform to the ethical standards of the profession that include: Integrity, objectivity and
independence, professional competence and due care, confidentiality, professional
Graduates demonstrate optimized use of digital learning abilities,
behavior, and moral values.
including technical and numerical skills.
6. Passion to Lifelong Learning BSA and BSMA graduates should possess general knowledge in gaining and
Graduates are enabled to perform and function in the society by taking understanding of the different cultures in the world and developing an international
responsibility in their quest to know more about the world through objective thus, he must possess competency in English language, adaptability to foreign
lifelong learning. business practices, level of trainability and good capabilities in dealing with foreign
7. High Level of Leadership and Organizational Skills partners.

Graduates are developed to become the best professionals in their BSA and BSMA graduates should not only be conversant with IT concepts for business
respective disciplines by manifesting the appropriate skills and systems but sound knowledge on internal control in computer-based systems,
leaderships qualities. development standards and practices for business systems, management of the adoption,
8. Sense of Personal and Professional Ethics implementation and use of IT, evaluation of computer business systems, and managing
Graduates show desirable attitudes and behavior either in their personal the security information.
and professional circumstances.
9. Sense of National and Global Responsiveness BSA and BSMA graduates should possess broad base of knowledge concerning macro-
environmental, economic and industry issues, business process structures, functions, and
Graduates’ deep sense of national compliments the need to live in a global
practices. It includes knowledge in areas such as economics, quantitative models and
village where one’s culture and other people culture are respected. business statistics, organizational behavior, international business, ethics, and corporate
governance.
Course Plan

Week Topic Learning Outcomes Methodology Resources Assessment

1 I. Introduction to course, Course overview Course syllabus Attendance to online
overview of subject, explanation conferences
of policies and grading system
II. Introduction to Law
2 General Provisions Clearly explain the Meaning of Forums and online [Link]
III. Obligations of the Partners Partnership and its obligation discussion hector-de-leon_59657ceadc0d6075302be310_pdf Attendance to online
▪ Obligations of the Partners among each partner. conferences
Among Themselves Analysis of case
▪ Property Rights of a intended to bring out Short reaction paper
Partners the critical analysis
▪ Obligations of the Partners skills of students.
with Regard to Third
Persons

3 I. Dissolution and Winding Compare and contrast Follow-up activity to [Link] Participation in online
Up Partnership with Corporation the previous lesson a-corporation-in-the-philippines/ discussion
II. Limited Partnership
▪ Private Corporations: The Simulation [Link] Short position paper
Corporation Code of the
Philippines Case studies
▪ General Provisions:
Definition and
Classifications
4 III. Private Corporations: The Identify and understand the Lecture and discussion [Link] Participation in online
Corporation Code of the Corporation code of the [Link] discussion
Philippines Philippines Simulation
IV. General Provisions: [Link] Short position paper
Definition and
Classifications
5-6 V. Incorporation and Discuss Incorporation and Web conferencing [Link] Participation in online
Organization of Private Organization of Private discussion
Corporations Corporations [Link]
VI. Board of ?t=15-director-officer-requirements&c=PH Short position paper
Directors/Trustees/Officers Identify the number of
VII. Powers of Corporation Incorporators, Directors, [Link]
VIII. By-Laws Trustees and Officers. [Link]

7-8 IX. Meetings Understand the importance of Online Discussion [Link] Recitation
X. Stocks and Stockholders shareholder’s meetings and
Research Short position paper
 XI. Corporate Books and keeping of corporate books
Records and records in a Corporation
MIDTERM DEPARTMENTAL EXAMINATION
10-13 XII. Merger and Consolidation Compare and contrast Review of answers in [Link] Attendance to online
XIII. Appraisal Right Merger and Consolidation the midterm revised-corporation-code-of-the-philippines/ conferences
XIV. Non-Stock Corporation examination
Short position paper
Online Discussion
14-15 XV. Close Corporations Prepare and present reports Group report [Link] Short position paper
XVI. Special Corporation on special corporation
XVII. Educational Corporation Simulation [Link]
[Link]

16-17 XVIII. Religious Corporations Prepare and present reports Group report Quiz
XIX. Dissolution on special corporation [Link]
XX. Foreign Corporation Simulation Group output project
XXI. Miscellaneous Provision

FINAL DEPARTMENTAL EXAMINATION

Suggested Readings and References

• The Law on Partnerships and Private Corporations by Hector De Leon
• The Corporation Code of the Philippines- SEC
• ACT # 1459 – LawPhil
• Supreme Court Decisions
• Article 176 (Partnership) Civil Code of the Philippines

Course Grading System

ONLINE MODE OF LEARNING
Class Standing 70%
Quizzes 50%
Assignments and other activities 20%
Departmental examination 30%
Total 100%

Final Grade = (1st Grading Period + 2nd Grading Period)

2

CORRESPONDENCE MODE OF LEARNING

Result from Online Final Departmental Examination 60%
Result from the activities in the modules 40%
Total 100%
 Classroom Policy
The allowed number of absences for students enrolled in LAW 20023 with once-a-week meeting is four (4). Request for excused absences or waiver of absences must be presented upon reporting back to class. Special
examinations will be allowed only in special cases, such as prolonged illness. It is the responsibility of the student to monitor his/her own tardy incidents and absences that might accumulate leading to a grade of “FA,”
(Failed due to Absences). It is also his/her responsibility to consult with the teacher, chair or dean should his/her case be of special nature.

All BSA and BSMA students are expected to be academically honest. Cheating, lying and other forms of immoral and unethical behavior will not be tolerated. Any student found guilty of cheating in examinations will
(at a minimum) receive a grade of 5.0 in the said test.

Consultation Time
Subject to the availability of the subject teacher, student may approach the subject teacher for queries about his/her grade as well as other academic requirements for the subject.

Prepared by: Enhanced by: Reviewed by:

(sgd.) (sgd.) (sgd.)

Atty. Pearlito B. Campanilla Atty. Gary C. Aure Lilian M. Litonjua, CPA, MBA
Faculty Member Faculty Member Chairperson

Recommending Approval:

(sgd.)
Dr. Julieta G. Fonte, CPA
Dean, College of Accountancy and Finance

Approved by:

(sgd.)
Dr. Emanuel C. De Guzman
Vice President for Academic Affairs

Revised March 2021