De La Salle University

COLLEGE : RVRCOB DEPARTMENT : Accountancy

COURSE CODE : INTBUSL CREDIT : Three (3) units
FACULTY : Reginald L. Laco TYPE OF COURSE : Major Subject

CLASS DAYS Thursday ROOM : A703

AND CLASS TIME : 8:00am 12:00pm

COURSE DESCRIPTION:

This course (INTBL or REVRFBT or Regulatory Framework For Business Transactions)

includes legal principles, concepts, doctrines and cases covered by the syllabus of Regulatory
Framework for Business Transactions. It deals with the legal provisions on Law on Obligation
and Contracts, Law on Sales, Law on Credit Transactions, Law on Partnership, Corporation
Code and Negotiable Instruments Law. It covers illustrative cases pertaining to the application
of legal doctrines to relevant facts.

LEARNING OUTCOMES:

UNIVERSITY EXPECTED LEARNING OUTCOMES

LASALLIAN GRADUATE On completion of the course, the student is
ATTRIBUTES (ELGA) expected to be able to do the following:

A. Critical and creative thinker LO1: Apply the knowledge of legal doctrines,
principles, and theories to applicable business
transactions.

B. Effective communicator LO2: Prepare legal advices or recommendations to

hypothetical scenarios.

C. Reflective lifelong learner LO3: Recognize the importance of compliance with

regulatory framework for the success and growth of
a business.

FINAL COURSE OUTPUT:

As of evidence of attaining the above learning outcomes, the student is required to do and
submit the following during the indicated dates of the term.

LEARNING OUTCOMES REQUIRED OUTPUTS DUE DATE

A. LO1: Apply the knowledge of Complete proposed legal Day 1 to 9

accounting standards, recommendations on hypothetical legal
principles, and theories to problems.
account for the different
business transactions.
B. LO2: Prepare journal entries, Answered quizzers in Regulatory Day 1 to 9
adjusting entries, and Framework for Business Transactions.
complete financial statements
including notes to financial
statements.

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 LEARNING OUTCOMES REQUIRED OUTPUTS DUE DATE

C. LO3: Recognize the One reflection paper on applicability of Day 11

importance of compliance to the business laws on business
the accounting standards to transactions.
the fair presentation of
financial performance and
financial position of a
company.

RUBRIC FOR ASSESSMENT:

Proposed Solutions to Problems and Cases

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING

96-100 91-95 86-90 81-85
Solution The student The student The student The student
content provides provides provides partly provides
(50%) correct substantially correct and mostly
solutions to correct solutions partly incorrect incorrect
problems and to problems and solutions to solutions to
cases. cases. problems and problems
cases. and cases.
Completeness The student The student The student The student
of solutions prepared prepared prepared did not
(50%) solutions to solutions to most solutions to prepare
all problems problems and some substantially
and cases cases before problems and solutions to
before reporting to cases before problems
reporting to class. reporting to and cases
class. class. before
reporting to
class.
RATING

Oral Report

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING

96-100 91-95 86-90 81-85
Delivery (40%) The student- The student- The student- The student-
presenter presenter presenter presenter
communicates communicates communicates communicates
and explains and explains and explains and explains
clearly the clearly the somewhat vaguely the
solutions to solutions to the clearly the solutions to
the problems problems or solutions to the problems
or cases, and cases, and the problems or cases, and
generates generates some or cases, and does not
interest and interest among generates little generate
establishes the audience. interest interest
rapport among the among the
among the audience. audience.
audience.
Presentation The student- The student- The student- The student-
content/solution presenter presenter presenter presenter
(30%) presents presents correct presents partly presents
correct solutions to the or entirely incorrect
solutions to problems or correct solutions to
the problems cases by solutions to the problems
or cases by showing certain the problems or cases but

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 CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
96-100 91-95 86-90 81-85
showing all supporting or cases by corrects the
relevant calculations or showing solutions to
supporting proofs, and supporting these
calculations or somewhat calculations or problems or
proofs, and relating these to proofs. cases.
relating these the business
solutions to world.
the business
world.
Question and The student- The student- The student- The student-
answer (30%) presenter presenter presenter presenter
provides provides correct provides partly provides
correct or or valid answers, or entirely incorrect or
valid answers explains these correct or non-sensible
to the somewhat valid/sensible answers to
questions, clearly, and answers, the questions
explains these presents some explains these raised but
clearly, and valid/sensible somewhat somehow
presents arguments to clearly. provides
valid/sensible support/justify partly or
arguments to the answers to entirely
support/justify the questions correct or
the answers raised. valid/sensible
to the answers
questions through
raised. follow-up
questions.
RATING

Reflection Paper

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING

96-100 91-95 86-90 81-85
Quality of The student The student The student The student
issues identifies identifies identifies less identifies not
identified (40%) interesting somewhat interesting but interesting
and relevant interesting and somewhat and not
AIS reliability relevant AIS relevant AIS relevant AIS
issues. reliability issues. reliability reliability
issues. issues.
Depth and The student The student The student The student
quality (60%) provides provides provides provides
valid, somewhat valid, somewhat non-
sensible and sensible and valid, sensible sensible
logical logical reflection and logical reflection of
reflection of of issues reflection of issues
issues identified, and issues identified.
identified, and provides some identified but
provides valid, sensible these are not
valid, and logical properly
sensible, and arguments or supported by
logical supports. valid, sensible
arguments or and logical
supports. arguments or
supports.
RATING

Written Case Analysis

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING

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 96-100 91-95 86-90 81-85
Analysis of The group The group The group The group
case (80%) provides valid, provides provides provides
sensible and somewhat valid, somewhat non-sensible
logical case sensible and valid, sensible case
analysis, logical case and logical analysis,
presents analysis, presents case analysis, presents
feasible feasible presents alternatives
alternatives alternatives and somewhat and solutions
and solutions solutions to the feasible to the case
to the case case problem, alternatives problem
problem, and and provides and solutions which may
provides valid, some valid, to the case not be
sensible and sensible and problem but feasible or
logical logical arguments these are not logical.
arguments or or supports. properly
supports. supported by
valid, sensible
and logical
arguments or
supports.
Teamwork The group is The group is The group is The group is
(20%) organized and organized and somewhat disorganized
shows strong shows teamwork organized and and shows
teamwork and as evidenced in shows a hint of lack of
camaraderie the written case teamwork as teamwork as
as evidenced analysis. evidenced in evidenced in
in the written the written the written
case analysis. case analysis. case
analysis.
TOTAL

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final output, the student will be assessed at other times during the term by the
following:
Quizzes
Comprehensive exam
Recitation/Class participation
Attendance/Class citizenship

GRADING SYSTEM:

GRADE POINT DESCRIPTION PERCENTAGE

4.0 Excellent 97-100

3.5 Superior 94-96
3.0 Very Good 91-93
2.5 Good 87-90
2.0 Satisfactory 83-86
1.5 Fair 77-82
1.0 Pass 70-76
0.0 Fail Below 70

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 The percentage equivalent shall be arrived at as follows:

BASIS FINAL
GRADE
Quiz 1 20%
Quiz 2 20%
Quiz 3 20%
Comprehensive Examination 20%
Class Standing (Assignments, oral report,
columnar notebook, reflection paper/case
analysis, recitation/class participation, 20%
attendance/class citizenship)
Total 100%
Course grade requirement is at least 83%.

LEARNING PLAN:

LEARNING UNIT TOPICS WEEK NO. OF REF LEARNING

OUTCOMES NO. HOURS ACTIVITIES

Orientation 1 0.5
LO1, LO2, 1 Law on Obligations
LO3 1.1 Different types of obligations
1.2 Obligations and rights of
debtors and creditors 1 1.5 Civil Code Lecture,
1.3 Modes of extinguishment of Provisions Reporting,
obligation on Law on Discussion,
1.4 Sources of Obligations Obligations and Exercises

LO1, LO2, 2 Law on Contracts

LO3 2.1 Different types of contracts
2.2 Elements of contracts
2.3 Types of defective contracts 2 3.0 Civil Code Lecture,
2.4 Rights and obligations of Provisions Reporting,
contracting parties on Law on Discussion,
2.5 Remedies of contracting Contracts and Exercises
parties

LO1, LO2, 3 Law on Sales

LO3 3.1 Elements of contract of sales
3.2 Rights and obligations of Civil Code
buyer and seller 3 3.0 Provisions Lecture,
3.3 Recto Law and Maceda Law on Law on Reporting,
3.4 Modes of extinguishments of Sales Discussion,
contract of sales and Exercises
3.5 Remedies of buyer and seller

LO1, LO2, 4 Law on Pledge, Real Estate

LO3 Mortgage and Chattel Mortgage Civil Code
4.1 Rights and obligations of 4 6.0 Provisions Lecture,
pledgee and pledgor on Law on Reporting,
4.2 Rights and obligations of Pledge and Discussion,
mortgagor and mortgagee Mortgage and Exercises
4.3 Modes of extinguishment of
contracts of pledge and
mortgage
4.4 Redemption

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LEARNING UNIT TOPICS WEEK NO. OF REF LEARNING
OUTCOMES NO. HOURS ACTIVITIES

LO1, LO2, 5 Law on Partnership

LO3 5.1 Types of Partners and
Partnership
5.2 Rules of Management 5 4.0 Civil Code Lecture,
5.3 Distribution of Profit/Losses Provisions Reporting,
5.4 Liability of partners on Law on Discussion,
5.5 Dissolution of Partnership Partnership and Exercises
5.6 Liquidation of Partnership

LO1, LO2, 6 Law on Corporation

LO3 6.1 Types of Corporation
6.2 Attributes of Corporations 6 6.0 Corporation Lecture,
6.3 Powers of Corporation Code of the Reporting,
6.4 Rights of Stockholders Philippines Discussion,
6.5 Incorporation of Corporation (BP 68) and Exercises
6.6 Board of Directors
6.7 Voting Requirements
6.8 Articles of Incorporation
6.9 By-Laws
7.0 Dissolution
7.1 Liquidation
7.2 Close Corporation
7.3 Nonstock Corporation
7.4 Educational Corporation\
7.5 Religious Corporation

LO1, LO2, 7 Negotiable Instruments Law

LO3 7.1 Types of Negotiable
Instruments
7.2 Parties to a negotiable
instrument 7 2.0 Lecture,
7.3 Warranties and Liabilities of Negotiable Reporting,
Parties Instrument Discussion,
7.4 Real and personal defenses s Law (Act and Exercises
7.5 Discharge of instrument No. 2031)
7.6 Discharge of party secondarily
liable
7.7 Negotiation
7.8 Indorsement
7.9 Presentment for acceptance
or payment

LO1, LO2, 8 Banking Laws

LO3 8.1 Central Bank Act
8.2 General Banking Law
8.3 Unclaimed Balances Law Applicable
8.4 Bank Secrecy Law 8 4.0 Republic Lecture,
8.5 Anti-Money Laundering Law Acts Reporting,
Discussion,
and Exercises
LO1, LO2, 9 Other Regulatory Framework Applicable
LO3 9.1 Cooperative Law Republic
9.2 Insurance Law Acts
9.3 Intellectual Property Law
9.4 Securities and Regulation Law 9 8.0 Lecture,

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LEARNING UNIT TOPICS WEEK NO. OF REF LEARNING
OUTCOMES NO. HOURS ACTIVITIES
Reporting,
Discussion,
and Exercises

COMPREHENSIVE EXAM 2 3.0

TOTAL HOURS 42.0

REQUIRED TEXT AND REFERENCE MATERIALS:

Suggested textbooks and reviewers

Business Law Books by Hector De Leon (Any Ed.)

Notes in Business Law by Fidelito Soriano (2016 Ed.)
Pointers in Business Law by Carlos Suarez (2010 Ed.)

References

1. Civil Code of the Philippines

2. Negotiable Instruments Law
3. Corporation Code of the Philippines
4. Special Laws on Regulatory Framework for Business Transactions

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