Part I – INTRODUCTION TO LAW AND BUSINESS LAW
1)Definition of Law and Business Law
2)Sources of Business Law
3)Characteristics of Business Law
PART II – OBLIGATIONS
1.)In General
a)Definition
b)Sources of Obligations
2.)Definitions of Law, Contracts, Quasi-Contracts, Delicts or Crimes, Quasi-Delicts
3.)Essential requisites of Obligation
4.)Parties; object; Juridical tie or vinculum juris
5.)Nature and Effect of Obligation
a)According to the Object or Prestation
Obligations to give; Obligations to do;
Obligations not to do
b)Liability of Damages
Fraud – Dolo incidente; Dolo causante
Negligence
Delay – Mora solvendi, accipiendi, compensatio morae
Contravention of tenor of obligation
PART III – GENERAL PROVISIONS ON CONTRACT
1.)Contracts Defined
2.)Elements of Contract:
3.)Stages of A Contract
4.)Characteristics of Contracts:
5.)Classification of A Contract: (FROM)
6.)Contract Binds by Both Parties
7.)Cases Where Third person May Be Affected By a Contract
8.)Forms of Contracts
9.)Reformation of Instruments
10.)Interpretation Of Contracts
11.)Cause of Contracts
PART IV – DEFECTIVE CONTRACTS
1.)Rescissible Contracts
2.)Voidable Contracts
3.)Unenforceable Contracts
4.)Void or inexistent contracts
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Quiz No. 1
1. What are the elements of an obligation? Explain each briefly.
2. Pinky and Brownie are married to each other. However, on their 2nd year of marriage, Brownie fell in love with Whitney. So Brownie made a contract with Pinky that the latter would file an annulment against Brownie in order for him to marry Whitney. Pinky agreed by signing the contract. Pinky demanded a condition that all the properties of Brownie be transferred under her name. Is the contract enforceable? Explain with legal basis.
3. "Boy" promised to buy "Bawang" for "Sibu". However, "Sibu" was not able to pay the "Bawang" when it was delivered to him by "Boy". Who is the "obligor", "obligee", and what is the "object" or "prestation"?
Quiz No. 2
1. What are the "innominate" contracts? Give examples to each by giving a situation.
Quiz No. 3
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