COURSE SYLLABUS

COLLEGE / DEPARTMENT

E.T. YUCHENGCO COLLEGE OF BUSINESS

COURSE CODE
COURSE TITLE

:
:

LAW104
Sales, Agency, and Other Commercial Laws

PRE-REQUISITE
CO-REQUISITE
CREDIT UNIT(S)
CLASS SCHEDULE

:
:
:
:

LAW101
None
3 units

4.5 hours per week

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 as loan, deposit, guarantee, pledge, real mortgage, anti-chresis,
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.
COURSE OUTCOMES
A student completing this course should at the minimum be able to:
1) Discuss the important concepts of a contract of sale; (SOe)
2) Discuss the important aspects of a contract of agency, pledge and mortgage; (SOe)
3) Discuss the important aspects of credit transactions and bailments; (SOe)
4) Identify the application of other laws related to commercial transactions; and (SOe)
5) Practice discipline, punctuality, honesty, and responsibility. (SOm)
COURSE COVERAGE
WEEK
NO.*

1 to 4

TOPIC

LEARNING OUTCOMES

Course Orientation

Syllabus

Course Policies

Expected values

Sales Contracts

Nature, characteristics and kinds of

sale

Elements, forms, requisites and

perfection of a contract of sale

Implied and specified terms

Distinguished from
Dacion en pago
Cession in payment
Contract for a piece of work
Barter

Earnest money as distinguished

from option money

The seller his rights and

obligations

The buyer his rights and

obligations

Remedies of unpaid seller

Warranties (in relation to consumer

laws)

Sale with a right to repurchase or

conventional redemption, legal
redemption

Sale on credit

Installment sales
Personal property Recto Law
Real property Maceda Law

1.

COURSE TITLE

Sales, Agency, and Other

Commercial Laws

SY / TERM OF
EFFECTIVITY

2016-2017/1st Term

DATE
COVERED**

Determine the course

requirements, policies and
expected values in the course.
(CO3)

Describe the nature of a contract

of sale. (CO1)
2. Enumerate the characteristics and
kinds of sale. (CO1)
3. Differentiate sales from dacion en
pago, cession in payment,
contract for a piece of work, and
barter. (CO1)
4. Differentiate ernest money from
option money. (CO1)
5. Enumerate the rights and
obligations of a buyer and a seller.
(CO1)
6. Enumerate the remedies of an
unpaid seller. (CO1)
7. Discuss the concept of warranties.
(CO1)
8. Discuss sale with a right to
repurchase.(CO1)
9. Describe installment sales and
sales on credit. (CO1)
10. Describe the transfer of
possession of properties.(CO1)

PREPARED BY

Rea Marcelo Roxas

COURSE
COORDINATOR

APPROVED BY

Maurice C. Sabio
PROGRAM CHAIR/ CLUSTER
COORDINATOR

Page

1 of 4

FORM OVPAA002A

 PD 957/Condominium Act
Transfer of the possession of
property

Performance

Remedies
PRELIMINARY COURSE ASSESSMENT

4
Date Given:
Contract of Agency, Pledge and
Mortgage
Contract of Agency

Nature, characteristics and kinds of

contract of agency

Form and perfection of a contract of

agency

The agent his rights and

obligations

The principal his rights and

obligations

Guaranty of commission agents

Modes of extinguishment
4 to 8

Pledge

Nature and binding effect on third

persons

Obligations/ rights of pledgor and

pledgee

Practum commissorium

Modes of extinguishment
Mortgage

Real and chattel

Nature

Requisites

Rights and obligations of mortgagor

and mortgagee

Requisites to have binding effect on

third persons

Mode of extinguishment

Program Chair/ Date

Validated By:

11. Describe the nature, form and

perfection of a contract of agency.
(CO2)
12. Enumerate the rights and
obligations of an agent and a
principal. (CO2)
13. Discuss guaranty of commission
agents. (CO2)
14. Identify the modes of
extinguishment of a contract of
agency. (CO2)
15. Describe the nature and binding
effect on third persons of a
pledge.(CO2)
16. Enumerate the rights and
obligations of a pledgor and
pledge. (CO2)
17. Define Practum commissorium.
(CO2)
18. Identify the modes of
extinguishment of a pledge.
(CO2)
19. Define real and chattel mortgage.
(CO2)
20. Enumerate the requisites of a
mortgage contract. (CO2)
21. Enumerate the rights and
obligations of a mortgagor and a
mortgagee. (CO2)
22. Identify the requisites with
binding effect on 3rd persons.
(CO2)
23. Identify the modes of
extinguishment of a mortgage.
(CO2)

MID-TERM COURSE ASSESSMENT

8
Date Given:
Law on credit transactions/ bailment

Loan

Deposit

Guaranty

Pledge

Mortgage (real and chattel)

8 to 11

Other laws/legal issues

Omnibus Investment Code

Foreign Investments Act

Retail Trade Liberalization Law

Product liability

Intellectual property

Third party rights

Personal property

COURSE TITLE

Sales, Agency, and Other

Commercial Laws

SY / TERM OF
EFFECTIVITY

2016-2017/1st Term

Program Chair/ Date

Validated By:

24. Discuss the nature of bailments.

(CO3)

25. Discuss the important concepts

related to the following laws:
(CO4)

Omnibus Investment Code

Foreign Investments Act

Retail Trade Liberalization Law

Product liability

Intellectual property

Third party rights

Personal property

PREPARED BY

Rea Marcelo Roxas

COURSE
COORDINATOR

APPROVED BY

Maurice C. Sabio
PROGRAM CHAIR/ CLUSTER
COORDINATOR

Page

2 of 4

FORM OVPAA002A

FINAL COURSE ASSESSMENT

12

Program Chair/ Date

Date Given:

Validated By:

* For Summer Term, one (1) week covers two (2) weeks of a Regular Term.
**To track the progress of the course, students and professors should take note of the date
when the topic was covered.
TEXTBOOK
De Leon, H. (Latest Edition). The Law on Sales, Agency & Credit Transactions. Rex Bookstore. Manila.
REFERENCES
Aralar, R. (Latest Edition). Agency, Sales and Bailments and or Credit Transactions, Law &
Jurisprudence. National Bookstore.
Diaz, V. (Latest Edition). Sales, Agency & Bailments. Anvil Publishing Inc.
Pineda, Ernesto U (Latest Edition). Sales and Other Special Contracts. Central Bookstore
RBSI Editorial staff. (2011). Civil Code of the Philippines
www.lawphil.net
www.chanrobles.net
www.supremecourt.gov.ph

COURSE REQUIREMENTS
The final grade of the students is based on the following components:
MAJOR ASSESSMENTS

6
0%
20%

Prelims
Mid-terms
Finals
OTHER LEARNING TASKS

40%
25%
13%

Quizzes
Homework/Graded Recitation/Reports (oral
and written)
Uniform

2%

TOTAL

100%

The final grade of the student is interpreted as shown on the table below.
AVERAGE (%)
FINAL GRADE

Abov
e
96.00
1.00

91.51 96.00

87.01 91.50

82.51 87.00

78.01 82.50

73.51 78.00

69.01 73.50

64.51 69.00

60.00 64.50

1.25

1.50

1.75

2.00

2.25

2.50

2.75

3.00

Below
60.00
5.00

A BSA student is required to obtain a final grade of 73.51% , equivalent fo 2.25 in order to pass this
course, any grade lower than this will merit a 5.00
Aside from academic deficiency, other grounds to fail the course are the following:
Intellectual dishonesty (cheating and plagiarism) during examinations and other requirements;
Per Section 1551 of CHEDs Manual of Regulations for Private Educational Institutions, a student
who has incurred more than 20% of the total number of school days (i.e., 5 unexcused
absences) shall not be given credit to the course regardless of class standing. For further
provisions of the said policy, please refer to the MCL Student Catalogue.
Other grounds as stipulated in the MCL Student Catalogue, and other relevant policies and
regulations that may be promulgated from time to time.
AVAILABLE COURSE MATERIALS
a.
b.
c.

Course Syllabus
On-line resources posted in BB Learn
Case Hand-outs for reproduction

OTHER COURSE POLICIES

COURSE TITLE

Sales, Agency, and Other

Commercial Laws

SY / TERM OF
EFFECTIVITY

2016-2017/1st Term

PREPARED BY

Rea Marcelo Roxas

COURSE
COORDINATOR

APPROVED BY

Maurice C. Sabio
PROGRAM CHAIR/ CLUSTER
COORDINATOR

Page

3 of 4

FORM OVPAA002A

LANGUAGE OF INSTRUCTION
English is the medium of instruction. Lectures, discussions, and documentation will be in English.
Code switching is highly discouraged and the use of other languages aside from English in
communicating and in presenting course works will be a valid ground for demerits in that given
exercise.
ATTENDANCE
Per Section 1551 of CHEDs Manual of Regulations for Private Educational Institutions, a student who
has incurred absences more than twenty percent (20%) of the total number of school days shall not
be given credit to the course regardless of class standing. For further provisions of the said policy,
please refer to the MCL Student Catalogue.
HOMEWORK, WRITTEN REPORTS AND REACTION PAPERS
All homework and other assigned course works must be submitted on time.
COURSE PORTFOLIO
All exercises and requirements for the course are to be compiled by the students as part of their
portfolio. The same must be made available for inspection by the Instructor before the end of the
term.
HONOR, DRESS, AND GROOMING CODE
Other provisions stipulated in the MCL Student Catalogue will be enforced in and out of the
classroom. ETYCB students are required to wear the executive uniform every day except Wednesdays
& Saturdays. Students who violate the related offenses will not be permitted to attend classes
without being cleared by the Student Affairs Office or the Guidance Office.
COMMITTEE MEMBERS
Course Coordinator: Maurice C. Sabio
Member:
Jose Enrique Abaya
Rea Marcelo Roxas
CONSULTATION SCHEDULE
EMAIL ADDRESS:
DAYS AVAILABLE:
TIME AND VENUE:

COURSE TITLE

Sales, Agency, and Other

Commercial Laws

SY / TERM OF
EFFECTIVITY

2016-2017/1st Term

PREPARED BY

Rea Marcelo Roxas

COURSE
COORDINATOR

APPROVED BY

Maurice C. Sabio
PROGRAM CHAIR/ CLUSTER
COORDINATOR

Page

4 of 4

FORM OVPAA002A