Professional Documents
Culture Documents
Dipolog Medical Center College Foundation, Inc. maintains that full development of a persons
potentials depends largely on the nature, level and suitability of stimuli and the challenges he encounter
in daily life. The role of DMCCFI as institution is such that it serves as a rich interactive environment
where the student is continually encouraged, motivated, and more importantly, challenged to produce
the optimal use of his innate and acquired skills.
SCHOOL VISION
Our vision is to be a leading educational institution, highly regarded for our commitment to
students; distinguished for excellence in instruction as responsive to the communities we serve.
SCHOOL MISSION
Guided by our vision, Dipolog Medical Center College Foundation will become a premier
educational institution through: quest for excellence, academic and professional competence, advance in
information technology, community involvement, working partnership, global perspective and over-all
learning experience.
The DMC College Foundation School of Business and Accountancy has the following objectives:
1. To mold all students to become computer literate, socially responsible, globally aware, analytical,
and reasonable decision-making individuals who are competent in interpersonal, oral and
written communication skills.
2. To produce graduates who are well-versed in the fundamental economic and business principles,
as well as the practical application of those principles in the simulated business setting.
3. To design our educational programs in ways that prepares students or leadership roles in the
dynamic, domestic and global.
4. To deliver business professional who will be perceived not just business managers but leaders in
the society.
5. To constantly update the curricula of the different programs to prepare students to adapt to the
rapidly changing technology and to recognize diversity in the work place.
6. TO ensure that faculty members are responsible, committed and qualified in their respective
fields or profession.
7. To promote among the faculty members integrity, professionalism and compliance to the latest
trends, standards and developments in their chosen field of expertise.
8. To emphasize social responsibility as one of the business cores in nurturing well-rounded
business professionals of the future.
COURSE CODE : BL 4
DIPOLOG MEDICAL CENTER COLLEGE FOUNDATION
Sta. Filomena, Dipolog City
I. COURSE DESCRIPTION
This course deals with the law on sales covering contracts for the sale of goods including nature,
forms, and requisites, distinguished from dacion en pago, cession in payment, contract for a piece of
work, and barter, earnest money as distinguished from option money; rights/obligations of vendee
and vendor; remedies of unpaid seller; warranties; sale with a right to repurchase or conventional
redemption and legal redemption; sale on credit; and installment sales (personal property- Recto
law, real property- Maceda Law). It also covers the law on agency; its nature, form and kinds;
obligations of the agent and of the principal and modes of extinguishments. Also discussed are
pertinent provisions of the Labor Code and the law on credit transactions such s loan, deposit,
guarantee, pledge, real mortage, antichresis and chattel mortgage. Other relevant laws on
commerce and trade such Omnibus Investment Code, Foreign Investments Act, and Retail Trade
Liberalization Law are also discussed.
III. METHODOLOGY
Graded group or individual reporting, interactive discussions and oral recitations.
2.3 Chapter 3- Effects of the Contract When the Thing Sold Has Been Lost
2.3.1 Article 1493 Effect of loss of thing at the time of sale, When a thing
considered lost
2.3.2 Article 1494 Effect of loss in case of specific goods
3. Contract of Agency
3.1 Contract of agency Week 14
3.1.1 Nature, characteristics and kinds of contract of agency
3.1.2 Form and perfection of a contract of agency
3.1.3 The agent- his rights and obligations
3.1.4 The principal-his rights and obligations
3.1.5 Guaranty of commission agents
3.1.6 Modes of extinguishment
4. Pledge Week 14
4.1 Nature and binding effect on third persons
4.2 Obligations/rights of pledgor and pledge
4.3 Pactum commissorium
4.4 Modes of extinguishment
5. Mortgage Week 14
5.1 Real and chattel
5.2 Nature
5.3 Requisites
5.4 Rights and obligations of mortgagor and mortgagee
5.5 Requisites to have binding effect on third persons
5.6 Mode of extinguishment
6.1 Loan
6.2 Deposit
6.3 Guaranty
6.4 Pledge
6.5 Mortgage (real and chattel)
6.6 Antichresis
VI. REFERENCES