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Business

BSA 301 - The Law on Partnership and Private Corporations


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This course deals with the laws governing the information of partnership and corporations. It includes a discussion on the various types of partnerships and corporations, profit sharing among partners, dissolution and liquidation of a partnership, classes of capital stock, powers and obligations of stockholders, rights and liabilities of stockholders, trustees and officers of the corporation. The course also includes a discussion on the law of associations such as clubs.

Course Description:
This course deals with the laws governing the information of partnership and corporations. It includes a discussion on the various types of partnerships and corporations, profit sharing among partners, dissolution and liquidation of a partnership, classes of capital stock, powers and obligations of stockholders, rights and liabilities of stockholders, trustees and officers of the corporation. The course also includes a discussion on the law of associations such as clubs.
 
Number of Units: Three (3)
 
Pre-requisite: Law on Obligations and Contracts
 
Course Objectives: At the end of the course the students should be able to:
1.      Understand how partnerships and corporations are formed, dissolved and liquidated; and
2.      To know the powers, rights and obligations of the partnership and corporations; partners, directors, and officers.
 
Teaching Materials: De Leon, Hector (2005), The Law on Partnerships and Private Corporations, Rex Bookstore, Manila
 
Course Requirement: Passing the required quizzes and formal examinations and class participation based on attendance, recitations, seat works and assignments.
 
Grading System:
 
                       
 
Prelim
Finals
Total
Quizzes                       
20%
25%
45%
Exams 
20%
25%
45%
Assignment, Recitations and others
5%
5%
10%
 
45%
55%
100%
                       
 
            Note: Qualifying grade is at least 81% of raw score or a term mark of 3.0.