LAW ON OBLIGATIONS

AND CONTRACTS
CLAW 101 (Wed and Fri, 4:00 – 6:00 P. M.)
2nd Term 2018-2019
Atty. Salvador D. Alba II
Introductions

1. State your name, address and date of birth

2. In your opinion, why do we need laws and obligations?
3. For you, what is the most important obligation of an accountancy student
like you?
HOUSE RULES

 Only 7 unexcused absences are allowed. A student must show a medical

certificate if ever he or she is sick.
 There will be no special exams for those who are absent. The student must
inform the teacher at least 3 days before the said exam if ever he or she
cannot make it.
 Deadlines of papers/projects are strictly followed.
 No need to ask permission before going to the washroom/ when an
emergency call is needed but only for a maximum of 5 minutes.
 Refrain from talking to classmates during class.
 CLAYGO.
Outcomes/Outputs Desired

 After taking this course, the student must:

1. Learn and understand various legal concepts and principles on the Law on
Obligations and Contracts;
2. Apply legal concepts and principles on certain case analysis.
3. Evaluate applicable law or provisions of the Law on Obligations and Contracts
in a given case.
COURSE OUTLINE
 MIDTERMS
 Book IV, Title I of the New Civil Code
(Obligations)
a) General Provisions
b) Nature and Effect of Obligations
c) Different Kinds of Obligations
d) Extinguishment of Obligations
FINALS
 Book IV, Title II of the New Civil Code
(Contracts)
a) General Provisions
b) Essential Requisites of Contracts
c) Form of Contracts
d) Reformation of Instruments
e) Interpretation of Contracts
f) Rescissible Contracts
g) Voidable Contracts
h) Unenforceable Contracts
i) Void or Inexistent Contracts
References

 Article 1156 to 1304, Title I. Obligations, Book IV of the New Civil Code (R.A. No. 386)
 Article 1305 to 1422, Title II. Contracts, Book IV of the New Civil Code (R.A. No. 386)
 Any law or accountancy book which discuss the Law on Obligations and Contracts
GRADING SYSTEM

 MIDTERMS 30%
 FINALS 30%
 ATTENDANCE 10%
 ORAL RECITATION 10%
 ASSIGNMENTS
AND PROJECTS 10%
 QUIZZES 10% (1 for Midterms, 1 for Finals)
TOTAL 100%
Assignment (Deadline next meeting)

1. Write down the meaning of the following legal terms (next slide) in yellow
pad paper.
2. Prepare for oral recitation next meeting on these legal terms.
Sources:
Any legal dictionary, books or website
3. Research and print (long size paper, font size 11) the codal provisions of
Article 1156 to 1304, Title I. Obligations, Book IV of the New Civil Code (R.A.
No. 386)
Sources:
a) www.officialgazette.gov.ph/1949/06/18/republic-act-no-386/
b) www.chanrobles.com/civilcodeofthephilippines1.htm
Define the following terms

1. Law 11. Quasi-contracts

2. Civil Law 12. Delicts
3. Penal Law 13. Quasi-delicts
4. Political Law 14. Good Faith
5. Commercial Law 15. Damages
6. Labor Law 16. Diligence of a Good Father of a Family
7. Taxation Law 17. Fruits (legal)
8. Remedial Law 18. Accessories
9. Obligations 19. Accessions
10. Contracts 20. Negligence
SEE YOU NEXT MEETING!