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Title: HFT3603 Hospitality Law Contracts
Description: Contracts Chapter 4 and 5 HFT3603: In these notes you will be able to learn the 3 components that make up law, the elements of contracts in the US, contracts that must be in writing, contracts that can't be enforced, and important definitions.
Description: Contracts Chapter 4 and 5 HFT3603: In these notes you will be able to learn the 3 components that make up law, the elements of contracts in the US, contracts that must be in writing, contracts that can't be enforced, and important definitions.
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Hospitality Law (HFT3603) –Contracts Chapter 4 and 5
Law is broken into 3 components:
• Contracts are promises two parties make to each other
• Negligence- rights and duties parties have to each other in absence of
contractual rights
...
In many parts of the world, contracts need to have formality, requiring a notary (official seal of
approval who witness a document and approves its legal content
...
Elements of contracts in the US:
• Consideration for both parties (both parties need to have some benefit from the
contract)
• Breach
• Meeting of the minds (mutual agreement)
• Damages
Some contracts must be in writing (others can be verbal)
...
Contracts that MUST be in writing:
• Sale of real estate (not rental)
• Probate (processing state of a person who has died)
• Agreement to pay someone else’s debts
• Contracts that take longer than a year (ex: lease for a year)
• Sale of goods that are over $500
Problems with written contract & can’t be enforced:
• Illegal act (ex:sale of illegal drugs, gambling, prostitution, etc
...
Terms to know:
Quantum Meruit:
Determines the amount to be paid for services when no contracts exists (ex: 18 and under can
eat at a restaurant but are liable to pay)
Mutual Mistakes:
A mistake made on both parties
...
voids contract
...
(ex: purchasing a car and the car is delivered to you without floor mats,
since it’s a minor damage, you still received the car with no further problems
Title: HFT3603 Hospitality Law Contracts
Description: Contracts Chapter 4 and 5 HFT3603: In these notes you will be able to learn the 3 components that make up law, the elements of contracts in the US, contracts that must be in writing, contracts that can't be enforced, and important definitions.
Description: Contracts Chapter 4 and 5 HFT3603: In these notes you will be able to learn the 3 components that make up law, the elements of contracts in the US, contracts that must be in writing, contracts that can't be enforced, and important definitions.