AGUSAN DEL SUR STATE COLLEGE OF AGRICULTURE AND TECHNOLOGY

San Teodoro, Bunawan, Agusan del Sur

8506, Philippines

BUSINESS LAW: ESSENTIALS OF PHILIPPINE BUSINESS LAW AND TAXATION

1st Semester SY 2021 - 2022

Course Description:

The course provides overview and knowledge of the component laws and legal
principles affecting the contemporary business and society. This study deals with laws
within the business framework and those that govern the transactions necessary for
the conduct of an enterprise. The study of the laws would be complemented by court
case studies, to gain an interpretation and understanding of the nature of these
transactions.

This course also includes the study of some legal principles governing Philippine
Taxation.

Course Objective:

To provide the students with an overview of the Philippine legal system regarding Business
Management and Philippine Taxation.

Credit Units: 3

Course Outline and Timeframe:

Week 1 – Welcome / Introduction to Law

I. Introduction to course, overview of subject, explanation of policies and

grading system

II. Introduction to Law

Weeks 2 to 4 – Obligations

I. General Provisions, Nature and Effects of Obligations

II. Different Kinds of Obligations

a. Pure and conditional Obligations

b. Obligations with a Period
c. Alternative Obligations
d. Joint and Solitary Obligations
e. Obligations with a Penal Clause

Weeks 5 to 6 - Obligations

I. Payment
a. General Provisions Payment
b. Applications of Payments
c. Payment by Cession
d. Tender of Payment and Consignation

II. Loss of the Thing Due

III. Condonation or Remission of Debt
IV. Confusion or Merger of Rights
V. Compensation
VI. Novation
 AGUSAN DEL SUR STATE COLLEGE OF AGRICULTURE AND TECHNOLOGY
San Teodoro, Bunawan, Agusan del Sur
8506, Philippines

Weeks 7 to 8 - Contracts

I. General Provisions
II. Essential Requisites – Consent
I. Object
II. Cause
III. Forms
a. Reformation of Instruments
IV. Defective Contracts
a. Rescissible contracts
b. Voidable contracts
c. Unenforceable contracts
d. Void contracts
V. Corporations - General Concept; Definition; Attributes
VI. Corporate personality and doctrine of piercing the veil of corporate
existence

Week 9 –Midterm Examination

Week 10 to 12 – Law on Sales

I. Nature and Form
II. Capacity to Buy or Sell
III. Effects of the Contract when the Thing sold has been lost
IV. Obligations of the Vendor
V. Obligations of the Vendee
VI. Breach of Contract
VII. Extinguishment of Sales
VIII. Assignment of Credits

Weeks 13 to 15 – Corporations and Partnerships

I. Incorporation
a. Articles of Incorporation
b. By-Laws
II. Board of Directors and Trustees and Officers and Meetings
III. Powers of a Corporation
IV. Capital Structure
V. Rights and Obligations of Stockholders
VI. Merger
VII. Foreign Corporations
VIII. Non-stock /Special Corporations / One Corporations
IX. Dissolution and Winding Up
X. Partnerships – General Concept
XI. Types, Requisites and Formation

Weeks 16 to 17 Law on Taxation

I. Definition, Concept and Purpose of Taxation
II. Nature and Characteristics of Taxation
III. Power of Taxation as Distinguished from Police Power and Eminent Domain
IV. Theory and Basis of Taxation
V. Principles of a Sound Tax System
VI. Scope and Limitations of Taxation
VII. Situs of Taxation
VIII. Stages or Aspects of Taxation
IX. Definition, Nature and Characteristics of Taxes
X. Requisites of a Valid Tax
 AGUSAN DEL SUR STATE COLLEGE OF AGRICULTURE AND TECHNOLOGY
San Teodoro, Bunawan, Agusan del Sur
8506, Philippines

XI. Tax as Distinguished from Other Forms of Exactions

XII. Kinds of Taxes
XIII. Sources of Tax Laws
XIV. Construction and Interpretation of Tax Laws
XV. Doctrines of Taxation

Week 18 – Final Examination

Course Requirements
1. Quizzes
2. Exams

Course Rules:
1. In this course, Flexible Teaching-Learning Approach will be employed. You are expected to have
developed and adapted some mechanisms in responding to the flexible teaching-learning approach.
Synchronous and asynchronous classes on scheduled class hours will be observed
2. During scheduled synchronous classes, those who are late by 10 minutes will not be admitted.
3. Attendance during synchronous classes will be checked. Class attendance is given 10 points to be
recorded as a quiz.
4. Notes and all learning materials will be posted in the GOOGLE CLASSROOM created for the purpose.
5. Student outputs shall also be submitted in the created GOOGLE CLASSROOM.
6. There will be one chat group for the class
7. Grading System:
a. Student Output (Quizzes and other course requirements) – 60 %
b. Exams (Midterm / Final ) 40 %

c. Note: Unless and until all course requirements are complied with, an IP mark shall be given.
The student is given 1 year from the time the semester ends to complete and comply all
requirements for the course.

8. Remedy in case of a Failing Final mark.

a. Removal Exam – in case of failure in the final exam, a removal exam may be taken, upon
request of the student. The result thereof shall replace the previous exam result.
b. Projects – Additional projects may be given, at the discretion of the teacher.

Glene A. Nalla
Instructor