Course Outline
PART I – INTRODUCTION TO LAW AND BUSINESS
Course Outline
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
Law; Contracts; Quasi-Contracts;
Delicts or Crimes; Quasi-Delicts
c)  | Essential requisites of obligation
Parties; object; Juridical tie or vinculum juris
PART II – OBLIGATIONS
2) 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 causanteNeglignce –
Delay – Mora solvendi, accipiendi, compensatio morae
Contravention of tenor of obligation
PART III – GENERAL PROVISIONS ON CONTRACT
 Contracts Defined
 Elements of Contract:
 Stages of A Contract
 Characteristics of Contracts:
 Classification of A Contract: (FROM)
 Contract Binds by Both Parties
 Cases Where Third person May Be Affected By a Contract
 Forms of Contracts
 Reformation of Instruments
 Interpretation Of Contracts
 Cause of Contracts
PART IV – DEFECTIVE CONTRACTS
 Rescissible Contracts
 Voidable Contracts
 Unenforceable Contracts
 Void or inexistent contracts
PART 1
INTRODUCTION TO LAW AND BUSINESS LAW
 1. Definition of Law and Business Law
 2. Sources of Business Law
 3. Characteristics of Business Law
Introduction to Law
 Preliminaries
In the preliminaries, the sight of a human being in his
everyday undertaking has to follow some.
The instructions that a person will learn, result to that
consciousness of following the law. As he learns the law, he
can define it, with its characteristics.