Businesses in the Philippines are governed by a large body of laws. However, the business law course, as designed for students of the John Gokongwei School of Management (JG-SOM) focuses only on (a) Obligations and Contracts, which is Book IV of the Civil Code of the Philippines (Republic Act No. 386), and (b) the Corporation Code, which is embodied in Batas Pambansa Blg. 68.

This limited scope is in line with the entrepreneurial thrust of the John Gokongwei School of Management (JG-SOM), as these are the laws most necessary to entrepreneurs who start their own businesses. The law on obligations and contracts governs relations between persons, whether natural or juridical (like corporations). Familiarity with this law would allow businessmen to deal with basic legal questions.