SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

General Luna Road, Baguio City

UB VISION
In pursuit of perfection, the University of Baguio is committed to provide balanced quality education by nurturing academic excellence, relevant social
skills and ethical values in a fun-learning environment.
UB MISSION
The University of Baguio educates individuals to be empowered professionals in a global community.
INSTITUTIONAL OBJECTIVES
The University of Baguio aims to produce a graduate who:
1. exemplifies a higher standard of learning;
2. manifests the mastery of relevant skills;
3. upholds a conduct that is rightful and just;
4. undertakes scientific and significant researches;
5. advocates sustainable programs for the community and the environment; and
6. leads and demonstrates exemplary performance in the field of specialization.

Course Number:

Course Description:

BUSLAW3 - 3 Units (lec)

The Law on Sales, Bailment and Agency

Effectivity: 1st Semester, SY 2013-2014

Date Revised: May 29, 2013

Page 1 of 7

SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

General Luna Road, Baguio City
SCHOOL MISSION
The University of Baguio educates individuals to be empowered professionals in a global community. The School of Business Administration and Accountancy edifies competitive and
morally upright individuals.
SCHOOL OBJECTIVES
The School of Business Administration and Accountancy aims to produce a graduate who:
1. cultivates the knowledge that is imperative for success in globalized setting;
2. displays expertise appropriate to the profession;
3. typifies professional integrity with humility;
4. undertakes researches to promote systematic bases for business decisions;
5. utilizes macro-environmental acumen for economic growth and development; and
6. exhibits commendable accomplishments in business and accountancy.
PROGRAM OBJECTIVES:
The Bachelor of Science in Accountancy Program aims to produce a graduate who:
P1. applies accounting knowledge to meet the demands of the business community;
P2. demonstrates high proficiency in the practice of the profession;
P3. conforms with the highest degree of ethical standards;
P4. employs researches to elevate professional knowledge and skills in sound business decisions;
P5. satisfies the demands of a dynamic industry for a better community;
P6. Typifies excellences in the practice of the accounting profession.
CORE VALUES:
1. Professional Ethics
2. Integrity
3. Objectivity and Independence
4. Professional Competence and Due Care
5. Confidentiality
6. Professional Behavior
7. Fairness
8. Transparency
9. Accountability
10. Hard Work
Course Number:

Course Description:

BUSLAW3 - 3 Units (lec)

The Law on Sales, Bailments and Agency

Effectivity: 1st Semester, SY 20132014

Date Revised: May 29, 2013

Page 2 of 7

11.
12.
13.
14.
15.

Honesty
Patience
Diligence
Innovativeness
Risk-taking

1. Program Learning Outcomes (PLO) vis a vis Program Objectives

PROGRAM
OBJECTIVES
P3
P4
P5

Program Learning Outcomes

P1
O1.
O2.
O3.
O4.
O5.
O6.
O7.
O8.

Students graduate to become professionals imbued with high moral/ ethical standards.
Graduates are highly competitive with their acquired knowledge, skills and values in the practice of their profession.
Graduates are confident of their academic and industry preparations and the entry competencies learned to tackle the rigors of the business world.
Students can carry out researches that can be utilized in the community and in the business profession.
Students recognize their responsibility and accountability as professionals and as workers in the community.
Students become aware of and strive for their physical, mental and spiritual well-being.
Students are prepared to meet the needs and demands of global employment without losing the Filipino spirit.
Students become aware of their responsibility to the environment and participate actively in environmental programs.

P2

P6

2. Course Objectives vis-a-vis Program Learning Outcomes

Course Objectives
COGNITIVE DOMAIN: At the end of the term the student should be able to:
C1. Enumerate and explain legal principles regarding the law on sales, bailments and agency.
C2. Identify situations where the application of law is called for.
C3. Appreciate that the law maybe, at times, harsh but it is still the law and that ignorance thereof is not an excuse for noncompliance therewith.
C4. Recognize the obligation to respect the rights of others.
AFFECTIVE DOMAIN: At the end of the term the student should be able to:
C5. Develop responsiveness and sense of responsibility to the end that he realizes that every human being is responsible for his own
acts and shall suffer the consequences thereof or reap the fruits thereof, as the case maybe.
C6. Appreciate the function and importance of the law in the governance of human activities specially in commercial transactions.
C7. Internalize the values of honesty and integrity in interpreting provisions of law particularly in its application to daily transactional
dealings.
PSYCHOMOTOR DOMAIN: At the end of the term the student should be able to:
Course Number:

Course Description:

BUSLAW3 - 3 Units (lec)

The Law on Sales, Bailments and Agency

Effectivity: 1st Semester, SY 20132014

Date Revised: May 29, 2013

O1

PROGRAM LEARNING OUTCOMES

O2
O3
O4
O5
O6
O7

O8

Page 3 of 7

C8. Draft a simple contract of sale.

C7. Distinguish and correlate between his own rights and obligations as he reacts with society as a whole.

Course Description:
This course covers the underlying legal principles and maxims in sales, bailments and agency.
Pre-requisite/s
BUSLAW1, BUSLAW2
I.

DETAILED COURSE OUTLINE:

Session Learning
Objectives/Goals (SLO/G)

Content Topic

Outcomes Based
Methodologies/Strateg
ies & Approaches

Learning Outcomes

First Grading Coverage

At the end of the session
the student should be able
to internalize and apply the
basic concepts, kinds and
elements of sales..

Basic Concepts
a. Sale, defined
b. Kinds of sales
c. Elements of sale

-Lecture
Discussion-Case
Analyses

At the end of the session

the student should be
familiar with the correlative
rights and obligations of
the parties to a contract of
sale..

Obligations: and rights of the

a. vendor
b. vendee

-Lecture
Discussion-Case
Analyses

At the end of the session

the student should be
familiar with the modes of
extinguishing a contract of
sale.

Modes of extinguishing sale

a. Common modes
b. Special modes
c. Extra-special modes

-Lecture
Discussion-Case
Analyses

At the end of the unit, the students

are expected to be able to:
1. explain the concepts of sales
2.. identify the different kinds of
sale
3. identify and differentiate the
different elements of sales
At the end of the unit, the students
are expected to be able to:
1. explain the rights and
obligations of the vendor
2. explain the rights and
obligations of the vendee
At the end of the unit, the students
are expected to be able to identify
and explain the various modes of
ending the legal effects of a
contract of sale.

First Grading Examination

Course Number:

Course Description:

BUSLAW3 - 3 Units (lec)

The Law on Sales, Bailments and Agency

Time
Allotment

Values

Evaluative Measures

16 hrs
5 hours
Professional
competence

5 hours

Professional
competence

Quiz
Recitations

5 hours

Professional
competence

Quiz
Recitations

2 hrs
Subtotal: 18
hrs
Effectivity: 1st Semester, SY 20132014

Quiz
-Recitations

Date Revised: May 29, 2013

Page 4 of 7

PRC TOS (if

applicable)

Midterm Coverage
At the end of the session
the student should be able
to internalize and apply the
basic concepts, kinds and
elements of bailment.

At the end of the session

the student should be
familiar with the correlative
rights and obligations of
the parties to a contract of
bailment.
At the end of the session
the student should be
familiar with the modes of
extinguishing a contract of
bailment

Basic Concepts
a. Bailment, defined
b. Kinds of bailment
c. Elements of bailment

-Lecture
Discussion-Case
Analyses

Obligations: and rights of the

c. Bailor
d. Bailee

-Lecture
Discussion-Case
Analyses

Modes of extinguishing the

various kinds of bailment

-Lecture
Discussion-Case
Analyses

At the end of the unit, the students

are expected to be able to:
1. explain the concepts of
bailment
2.. identify the different kinds of
bailment
3. identify and differentiate the
different elements of bailment
At the end of the unit, the students
are expected to be able to:
3. explain the rights and
obligations of the bailor
4. explain the rights and
obligations of the bailee
At the end of the unit, the students
are expected to be able to identify
and explain the various modes of
ending the legal effects of a
contract of bailment

Midterm Examinations

16 hrs
6 hours

Professional
competence

Quiz
-Recitations

5 hours

Professional
competence

Quiz
Recitations

5 hours

Professional
competence

Quiz
Recitations

2 hours
Subtotal: 18
hrs

Finals Coverage
At the end of the session
the student should be able
to internalize and apply the
basic concepts, kinds and
elements of agency

Basic Concepts
a. Agency, defined
b. Kinds of agency
c. Elements of agency

At the end of the session

the student should be
familiar with the correlative
rights and obligations of
the parties to a contract of
agency.

Obligations: and rights of the

e. Agent
f. Principal

At the end of the session

Modes of extinguishing agency

-Lecture
Discussion-Case
Analyses

-Lecture
Discussion-Case
Analyses

-Lecture

Course Number:

Course Description:

BUSLAW3 - 3 Units (lec)

The Law on Sales, Bailments and Agency

At the end of the unit, the students

are expected to be able to:
1. explain the concepts of agency
2.. identify the different kinds of
agency
3. identify and differentiate the
different elements of agency
At the end of the unit, the students
are expected to be able to:
1. explain the rights and
obligations of the agent
2. explain the rights and
obligations of the principal

6 hours

5 hours

Professional
competence

Quiz
Recitations

At the end of the unit, the students

5 hours

Professional

Quiz

Effectivity: 1st Semester, SY 20132014

Professional
competence

Date Revised: May 29, 2013

Page 5 of 7

Quiz
-Recitations

the student should be

familiar with the modes of
extinguishing a contract of
agency

Discussion-Case
Analyses

are expected to be able to identify

and explain the various modes of
ending the legal effects of a
contract of agency

Final Examination

II.

competence

Recitations

2 hrs
Subtotal: 18hrs
TOTAL: 54
HRS

GRADING SYSTEM:

For Professional Board Examination Subjects: the cut-off score is 70%. The highest possible grade is ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest failing grade
is sixty-five (65).
First grading Class standing = 70 % ; Exam = 30 %
Midterms
Class standing = 60 % ; Exam = 40 %
( Tentative Midterm Grade x 2 + First Grading ) / 3 = Midterm Grade
Finals
Class standing = 50 % ; Exam = 50 %
( Tentative Final Grade x 2 + Midterm Grade ) / 3 = Final grade
III.

REFERENCES:
Textbooks: De Leon, H. S. (2010). The Law on Sales, Agency and Credit Transactions ,Quezon City: REX Printing Company, Inc.

References:
A. Books
De Leon, Hector S. The Law on sales, agency and credit transactions. Manila : Rex, 2010
Villanueva, Cesar Lapuz. Law on sales. Manila : Rex, 2009
RBSI Editorial Staff, comp. Commercial laws of the Philippines. Manila : Rex, 2009
Sundiang, Sr., Jose R. Reviewer on commercial law. Manila : Rex, 2011
Villanueva, Cesar Lapuz. Commercial law review. Manila : Rex, 2009
Suarez,, Carlos B. The law on obligations and contracts: for business students. 2001 ed. Manila: GIC, c2011.
Jurado, Desiderio p. Comments and jurisprudence on obligations and contracts. 12th ed. Manila: Rex, c2010.
De Leon, Hector S. Comments and cases on obligation and contract. 5th ed. Manila: Rex, c2010.
De Leon, Hector S. the law on obligations and contracts. 2008 rev. ed. Manila: rex, c2008.

Course Number:

Course Description:

BUSLAW3 - 3 Units (lec)

The Law on Sales, Bailments and Agency

Effectivity: 1st Semester, SY 20132014

Date Revised: May 29, 2013

Page 6 of 7

Prepared by:
ACC/TAX/BL/BA GROUP

Noted by:

MS. ALLYN C. GARIBAY

Assigned Librarian

MS. RUBY R. BUCCAT, MBA

Program Chair, BA

MR. RHAD VIC F. ESTOQUE, CPA, MBA

Program Chair, AC

Approved by:

DR. KAREEN B. LEON, CPA

Dean, UB SBAA

Course Number:

Course Description:

BUSLAW3 - 3 Units (lec)

The Law on Sales, Bailments and Agency

Effectivity: 1st Semester, SY 20132014

Date Revised: May 29, 2013

Page 7 of 7