Brokenshire College

Madapo, Davao City

COURSE SYLLABUS
LAW 3

I. Course Title : Negotiable Instruments Law

II. Course Description : The course orients the students of the law on negotiable instruments, such as but not limited to promissory note, bill of
exchange, and checks. It will also tackle on the importance of negotiable instruments in the business world. The
following aspects in partnerships and corporations are dealt with in this subject: essential requisites of negotiable
instruments, the form and interpretation of negotiable instruments, promissory note, bill of exchange, consideration,
negotiation, rights of the holder of a negotiable instrument, liabilities of parties, presentment for payment, notice of
dishonor, discharge of negotiable instrument. It will also educate the students on checks, its function in commercial
transactions, its types, characteristics, and the purpose and effect of cross checks.

The subject broadens the students’ knowledge of the laws on negotiable instruments.

Law on Partnerships and Private Corporation is both an exam and project based course.

III. Credits : 3 units

IV. Life Purpose : Brokenshire College fulfills the Evangelical Christian Teaching Ministry of the Church.

V. Vision Statement : Brokenshire College is the leading learning and transforming Evangelical Christian
institution enabling learners to make a difference in the world.

VI. Mission Statement : Brokenshire College is a learning organization engaged in the pursuit and diffusion of
knowledge through the highest standards of instruction, research and extension. It leads a life of faith, learning and
action that develop people to become intellectually competent, sensitive, spiritually mature, aware and responsive to the
needs and aspirations of the community. It manages and develops wisely all resources to ensure sustainable growth of
 the institution as responsible stewards of God and contributes to the realization of a just, free and responsible Christian
social order.

VII. Quality Policy : Brokenshire College is committed to provide value-oriented quality Christian education
through continuous improvement and total involvement for customer satisfaction.

VIII. Core Values

Excellence

Transformational
Justice Leadership

FAITH

Compassio
Service
n

Integrity
IX. Quality Objectives : To provide quality instructions, research and extension in the field of specialization
leading to competence in Business Administration.
X. Departmental Objectives

The Business Administration Department aims:

1. To provide quality, holistic and up-to-date instruction and research to students relevant to the demands of the respective degrees under
the Department, leading to the development of general business knowledge through core and foundation courses.
2. To develop entrepreneurial traits, knowledge and skills among students leading to the increased level of proficiency in the formation
and sustainability of a business venture.
3. To develop technical skills (critical analysis, communication, analytical and computer) and human relations skills (group dynamics,
team building, organization and delegation) in order to enable students to translate knowledge into action.
4. To foster and sustain linkages among business establishments, business organizations and professional academic organizations leading
to the student’s increased exposure to the current business practices and trends.
5. To provide opportunities for students to incorporate business concepts and practice in the real-world corporate and enterprise setting.
6. To implement extension programs designed to put forward the students’ learning to actual practice and develop moral and social
responsibility.
7. To ensure and sustain the delivery of quality services to the students, in line with the College’s Quality Policy.
8. To produce competent Business Administration graduates that are, with strength of moral and spiritual conviction, confident in taking
on a variety of challenges in the corporate and enterprise setting.

XI. General Course Objectives

At the end of the course the student will be able to comprehend the following:

1. Essential features of negotiable instruments;

2. The importance of negotiable instruments in commercial transactions;
3. The parties of negotiable instruments and their respective rights and liabilities;
4. The methods for the discharge of negotiable instrument;
5. Checks, its purpose in the business world, its special types, the rights and obligations of the parties;
6. Objective of cross checks;
XII. Course Methodology

Instruction Delivery

Several references will be used in delivering the course. The programming concepts and skills will be taught in a lecture-discussion-exercise
mode. Most of the time, the topics will be discussed first. During the lecture students are encouraged to raise questions to clarify matters in
relation to the discussion. After the discussion a short quiz or oral recitation will be given.

Exams, quizzes and other course requirements

One long exam will be administered every grading period. Thus, there are 4 major exams for the entire course. The coverage of the exam
will be given before the exam. Be guided with the exam schedule of the college.

Grading System

The grade equivalent of your score in an exam, quiz or other requirement will be derived using the following formula:

GE = RS/TS(50) + 50
where, GE = grade equivalent; RS = raw score; TS = total score.

The components of your grade for a particular grading period are long exam, quizzes, and other course requirements with the following
weights:

Exams 60%
Quizzes/ Oral Recitation 40%

TOTAL 100%

The grade in every grading period will be composed of 40% of the previous grading and 60% of the present grading period.

Textbook and other reading materials

 Required: The Law on Negotiable Instruments by Hector S. De Leon

XIII. Policies and Expectations

During classes, students are expected to be in the classroom on time. Be sure to wear the school’s official uniform and ID when attending
classes. Refer to the Student’s Handbook for policies related to late entrance and not wearing of uniforms.

Moreover, students are expected to listen attentively as well as participate actively in the classroom lectures/discussions. With this, I expect
you to ask relevant questions, and share your ideas regarding the topic. Cell phones should be turned off during the class.

Students are expected to give their full attention to the instruction at hand, whether it is a mini lecture, online reading or other modes of
instructions. Playing games, surfing, browsing, opening of e-mails or other internet activities not related to the instruction at hand are strictly
forbidden while the class is going on.

During exams and quizzes, communicating in any form with any of your classmates is prohibited. The act of it will be considered cheating.
Any act of cheating will be reprimanded only once. If continued, the concerned student will be asked to pass his/her paper and be advised
leave the room. In such case, only the answered items will be checked. Provisions in the College Terms and Examinations section (page 14)
of the Student Handbook will be observed in this course.

Absence during exams and late submission of requirements

Only those whose absence is excused will be given special exam or quiz (refer to College Terms and Examinations section (page 14) of the
Student Handbook. However, the special exam should be taken within a week (7 days) after the examination date. Special quiz should be
taken immediately on the day you reported in class.

Attendance

Attendance will not be graded but will be checked.

Note: All other provisions stipulated in the Student Handbook will be applied in this course.
 XIV. Content

TEACHING LEARNING
TARGET
INSTRUCTIONAL OBJECTIVES CONTENTS ACTIVITIES / EVALUATION VALUES INFUSED
SCHEDULE
STRATEGIES
At the end of the Prelim period, the students 1. Introduction; - Lecture - Quizzes - Critical Thinking
PRELIM would be able to: 2. Section 1 up to Section 23
1. Know the essential requisites of of the Negotiable - Oral Recitation - Exam - Honesty
Week 1 negotiable instruments; Instruments Law
. 2. Draft a promissory note and bill of
. exchange;
3. Know the importance of negotiable
.
instruments;
Week 4 4. Know the rules when the instrument
is incomplete and undelivered, or
mechanically complete but
undelivered, or incomplete but
delivered;
5. Know the rules of construction in
case of ambiguity or omission;
6. Know the rules when the instrument
is forged.
At the end of the Midterm period, the Section 23 up to Section - Lecture - Quizzes/Oral - Critical Thinking
MIDTERM students would be able to: 50 of the Negotiable Recitation
1. Know the meaning of consideration Instruments Law - Oral Recitation - Honesty
Week 5 and adequacy of consideration to - Exam
. support the instrument;
. 2. Know the effects of absence or want
of consideration;
.
3. Understand the meaning of
Week 8 accommodation and the liability of
accommodation party;
4. Know the meaning of negotiation,
the different methods of transfer of a
negotiable instrument;
 TEACHING LEARNING
TARGET
INSTRUCTIONAL OBJECTIVES CONTENTS ACTIVITIES / EVALUATION VALUES INFUSED
SCHEDULE
STRATEGIES
5. Know the meaning and nature of
indorsement, necessity of
indorsement, and forms of
indorsement;
6. Know the classifications of
indorsements and its respective
effects;

At the end of the semifinal period, the Section 51 up to Section - Lecture - Quizzes - Critical Thinking
PREFINAL students would be able to know: 88 of the Negotiable
1. The classes of holders, and their Instruments - Oral Recitation - Semifinal
Week 9 respective rights; Exam
. 2. What constitutes a holder in due
. course and his rights as such;
. 3. The difference between personal
defense from real defense;
Week 13
4. The liabilities of parties such as the
drawer, acceptor, indorser (qualified
indorser and general indorser) ;
5. Liability of agent or broker;
6. Meaning of presentment for
payment;
7. Requisites for a sufficient
presentment for payment;
8. When presentment not required to
charge the drawer or the indorser;
9. When delay in making presentment
excused;
10. Rules on presentment for payment;
11. Effect of dishonor by non-payment;
12. Computation of time maturity;
13. Rule where instrument payable at a
bank;
 TEACHING LEARNING
TARGET
INSTRUCTIONAL OBJECTIVES CONTENTS ACTIVITIES / EVALUATION VALUES INFUSED
SCHEDULE
STRATEGIES
14. Requisites of payment in due course;
At the end of the final period, the students 1. Section 89 up to Section - Lecture - Quizzes - Critical Thinking
would be able to know: 198 of the Negotiable
FINAL 1. When would the instrument be Instruments Law - Oral Recitation - Final Exam
considered as dishonored;
Week 14 2. Meaning of notice of dishonor, its
. object, and the effect of failure to
. give notice of dishonor;
3. By whom notice of dishonor should
.
be given, and to whom the notice
Week 18 should be given;
4. Rules on notice of dishonor;
5. Meaning and effect of discharge of
instrument;
6. Methods for discharge of
instrument;
7. Methods of discharge of secondary
parties;
8. Meaning of alteration and the effects
of materially altered instrument;
9. When alteration is considered as
material;
10. Bill of exchange, its form and
interpretation, the meaning of
acceptance, its objects, effects, and
requisites, kinds;
11. Meaning of Presentment for
acceptance, its rules, effects,
objects;
12. Meaning of protest, its objects, its
effects in case of non-compliance,
and when it may be dispensed with;
13. Meaning of acceptance for honor, its
 TEACHING LEARNING
TARGET
INSTRUCTIONAL OBJECTIVES CONTENTS ACTIVITIES / EVALUATION VALUES INFUSED
SCHEDULE
STRATEGIES
purpose and functions, its requisites,
and effects
14. Meaning of payment for honor, its
purpose and functions, its requisites,
and effects;
15. Meaning of Bills in set, its purpose;
16. Rights of holders where different
parts of a set are negotiated;
17. Liability of indorser of different
parts of a set;
18. Acceptance of bills drawn in sets;
19. Payment by acceptor of bills drawn
in sets;
20. Effect of discharging a part of set;
21. Promissory Notes and Checks;
22. Definition of check, its special
types, and its distinction from
ordinary bill of exchange;
23. Purpose of cross check and its
classification;

Prepared by: Noted by:

ATTY. LEAH GARNET G. SOLDE NELSON NAPILA, MBA

Program Head, Business Administration Department