Professional Documents
Culture Documents
Required Text: The Law on Obligations and Contract, latest edition, De Leon,
Hector S.
Course Description: This course gives the student an understanding of the legal concepts,
theories and rules governing the law of obligations and contracts which
are encountered by students depending on their major of specialization.
Application of these concepts to practical problems and definition and
identification of theories for board examination purposes for accounting
majors. And together with other areas for other courses which are to be
applied in their work. It focuses on discussion and definition of the
nature, sources, kinds, and extinguishments of an obligations and
contracts including defective contracts and other miscellaneous topics
relevant to the Law of Obligations and Contracts and other related
business law subjects. At the end of the course, the students are
expected to understand and define legal concepts, theories and rules,
procedures in entering, demanding and fulfilling an obligation and
likewise to have competence in preparation, interpretation,
understanding and presentation of obligations and contracts.
7. Contracts 9.00
Concepts and classification
Elements and stages
General principles of the law of contracts
Formation of a contract
Contract contents and terms, including exclusion clauses
Discharge of a contract
Remedies for failure to perform contract terms
Freedom from contract and limitation
Recap