PEA 5 – Regulatory Framework and

Business Transactions (RFBT) Review

Second Trimester, Schoolyear 2023 – 2024

December 13, 2023

Atty. Manuel R. del Rosario

 Assessment Activities
WEEK SUBJECT TOPICS
Assessment Date
December 11, 1. Law on Obligations
January 20,
2023 to January Law on Business 2. Law on Contracts Quiz 1
2024 (Saturday)
20, 2024. (4 Transactions 3. Law on Sales (60 items)
weeks) 4. Law on Credit Transactions (Pledge and Mortgage)
January 22 to 1. Law on Partnership (Civil Code of the Philippines) February 24,
February 24, Law on Business 2. The Revised Corporation Code (RA 11232) First Preboard. 2024
2024 (5 Organizations 3. Philippine Cooperative Code of 2008 (RA 9520) (70 items) (Saturday)
weeks)

February 26 to Special March 23, 2024

All laws taken up in CAE 19 (Regulatory Framework and Quiz 2
March 23, 2024 Commercial (Saturday)
Legal Issues in Business) (60 items)
(4 weeks) Laws
March 25 to
Review and Final Preboard April 6, 2024
April 6, 2024 (2
Summary (100 items) (Saturday)
weeks)

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GRADING BREAKDOWN

Quiz 1 – 20%
First Pre-Board – 30%
Quiz 2 – 20%
Final Pre-Board – 30%

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CPA LICENSURE EXAMS
RFBT QUESTIONS
Based on Table of Specifications
(October 2022)

Number of
Subject Matter Questions
Obligations 6
Contracts 6
Sales 3
Pledge and Mortgage 3
Bouncing Checks 2
Consumer Protection 2
Financial Rehabilitation and
Insolvency 5
Philippine Competition Act 2
Government Procurement Law 2
Partnerships 6
Corporations 30
Insurance 3
Cooperatives 5
PDIC Law 2
Secrecy of Bank Deposits 2
Truth in Lending Act 2
AMLA 6
Intellectual Property Law 2
Data Privacy 3
Electronics Commerce Act 2
Ease of Doing Business and Efficient
2
Delivery of Government Service
Labor Law 2
Social Security Law 2
TOTAL 100
 HOW WE WILL CONDUCT
OUR REVIEW COURSE

Our review course covers three basic items:

- The relevant law (codal provisions)

- Interpretation and examples of the law’s application
(PPT Slides)
- Videos and review materials provided by REO

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 HOW TO PREPARE FOR THE
CPA LICENSURE EXAMINATIONS
You must have gone through and studied the material at least
three times:

1. During your 4th Year;

2. During your CPA Review;
3. During the Pre-Week

There are 518 days between now and May 15, 2025. You will
not have enough time if you start your review only after your
graduation

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 HOW TO PREPARE FOR THE
CPA LICENSURE EXAMINATIONS

• The CPA Licensure Exams Syllabus is your friend

• Focus on the basics
• Do not concern yourself with complex questions
or examples
• The exam is supposed to test what you know NOT
what you do not know
• Do not assume that the questions are trick questions
• Play the probabilities. There cannot be many questions
asked on a certain topic
• The examiner will most likely select one or two questions
only per subject matter

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 WHAT WE WILL STUDY
IN THIS REVIEW COURSE

The Law on Obligations and Contracts. (CAE 10)

The Law on Business Organizations – Partnerships,

Corporations and Cooperatives (CAE 12)

The Law on Sales, including

- Recto Law
- Maceda Law
- Condominium Act (CAE 19)

Law on Pledge, Mortgage and Antichresis (CAE 19)

 WHAT WE WILL STUDY
IN THIS REVIEW COURSE
Special Commercial Laws (CAE 19)
1. Law on Bouncing Checks
2. Secrecy of Bank Deposits
3. Unclaimed Bank Balances
4. Truth in Lending Act
5. Anti-Money Laundering Act (AMLA)
6. Philippine Deposit Insurance Corporation
7. New Central Bank Law
8. Financial Rehabilitation and Insolvency Act (FRIA)
9. Law on Consumer Protection
10. Data Privacy Law
11. E-Commerce Law
12. Ease of Doing Business
13. Philippine Competition Act
14. Law on Intellectual Property (Patents, Trademarks and Copyright)
15. Law on Insurance
16. Government Procurement
17. Labor and Social Legislation
 OUTLINE OF OBLIGATIONS
• Real and Personal Obligations
• Civil Obligations and Natural or Moral Obligations
• Personal Obligations – Positive and Negative
• Personal Rights and Real Rights
• Natural, Civil and Industrial Fruits
• Rights of the Obligee when the Obligor Fails to
Fulfill the Obligation
• Liability for a Fortuitous Event or an Act of God
• Liability of the Obligor for Damages
• Default, Fraud and Negligence
• Ordinary Delay and Legal Delay or Default
• Suspensive and Resolutory Conditions
• Alternative and Facultative Obligations
• Joint and Solidary Obligations
OUTLINE OF OBLIGATIONS

• Divisible and Indivisible Obligations

• 3 Ways an Obligation may be breached
• Payment – to whom? when? where? how?
• Application of Payments
• Dacion En Pago
• Payment by Cession
• Tender and Consignation
• How Novation Happens
• Legal and Conventional Subrogation
 OUTLINE OF CONTRACTS
• Elements of a Contract – COC
• Stages of a Contract
• Characteristics of a Contract
• Persons Who Cannot Give Consent
• 5 Vices or Defects of Consent
• Causal Fraud and Incidental Fraud
• Absolute and Relative Simulation of Contracts
• When Should a Contract be in Writing?
• When Should a Contract be Notarized?
• Hierarchy of Contracts
• Requirement of Economic Damage in Rescissible Contracts
• Remedies in a Voidable Contract
• What Defective Contracts Can Be Ratified?
• When Can a Defective Contract Be Ratified?
• Reformation and Interpretation of Contracts
 LAW ON OBLIGATIONS
(30 Videos – 18 hours)
• General Provisions: 52 minutes
• General Provisions Part 1: 19 minutes
• General Provisions Part 2: 15 minutes
• General Provisions Part 3: 18 minutes
• Nature and Effects of Obligations: 1 hour and 55 minutes
• Nature and Effects of Obligations Part 1: 21 minutes
• Nature and Effects of Obligations Part 2: 25 minutes
• Nature and Effects of Obligations Part 3: 23 minutes
• Nature and Effects of Obligations Part 4: 23 minutes
• Nature and Effects of Obligations Part 5: 21 minutes
• Different Kinds of Obligations Part 1 : 1 hour and 49 minutes
• Different Kinds of Obligations Part 1.1 : 21 minutes
• Different Kinds of Obligations Part 1.2 : 19 minutes
• Different Kinds of Obligations Part 1.3 : 26 minutes
• Different Kinds of Obligations Part 1.4 : 21 minutes
• Different Kinds of Obligations Part 1.5 : 20 minutes

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 LAW ON OBLIGATIONS
(30 Videos – 18 hours)
• Different Kinds of Obligations Part 2: 1 hour and 38 minutes
• Different Kinds of Obligations Part 2.1 : 23 minutes
• Different Kinds of Obligations Part 2.2 : 23 minutes
• Different Kinds of Obligations Part 2.3 : 27 minutes
• Different Kinds of Obligations Part 2.4 : 24 minutes
• Extinguishment of Obligations Part 1: 1 hour and 36 minutes
• Extinguishment of Obligations Part 1.1: 24 minutes
• Extinguishment of Obligations Part 1.2: 24 minutes
• Extinguishment of Obligations Part 1.3: 24 minutes
• Extinguishment of Obligations Part 1.4: 23 minutes
• Extinguishment of Obligations Part 2: 1 hour and 11 minutes
• Extinguishment of Obligations Part 2.1: 23 minutes
• Extinguishment of Obligations Part 2.2: 23 minutes
• Extinguishment of Obligations Part 2.3: 25 minutes

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 LAW ON CONTRACTS
(14 Videos – 8 hours and 15 minutes)
• General Provisions and Essential Requisites of Contracts: 1 hour and 54 minutes
• General Provisions and Essential Requisites of Contracts Part 1 : 27 minutes
• General Provisions and Essential Requisites of Contracts Part 2 : 24 minutes
• General Provisions and Essential Requisites of Contracts Part 3 : 26 minutes
• General Provisions and Essential Requisites of Contracts Part 4 : 21 minutes
• General Provisions and Essential Requisites of Contracts Part 5 : 16 minutes
• Form, Reformation and Interpretation of Contracts: 58 minutes
• Form, Reformation and Interpretation of Contracts Part 1: 32 minutes
• Form, Reformation and Interpretation of Contracts Part 2: 26 minutes
• Defective Contracts: 1 hour 47 minutes
• Defective Contracts Part 1: 25 minutes
• Defective Contracts Part 2: 28 minutes
• Defective Contracts Part 3: 25 minutes
• Defective Contracts Part 4: 26 minutes

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ATTY. NOLI DEL ROSARIO

OFFICE:

Human Resources Department

2/F Admin Building (DSS Building)

ONLINE CONSULTATION:

Every day from 2:00 pm to 5:00 pm

manueldelrosario@baliuagu.edu.ph
0917 5324100

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Thank You!

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