Understanding Obligations and Contracts in the Hospitality Industry
Classified in Law & Jurisprudence
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Obligations and Contracts in the Hospitality Industry
Introduction
Transactions drive market trade, with individuals, private companies, and public entities engaging in contracts and performing transactions. A market is essentially an exchange of relationships governed by rules. Most obligations in civil law stem from contracts, although some, like parental responsibilities, do not.
Key Concepts
Power and Parties
Individuals have the power to compel others to fulfill obligations (e.g., a hotel guest must pay for their stay). Every obligatory relationship involves two legal entities, not necessarily individuals.
Intuitu Personae
This refers to situations where a specific person's skills are required, such as a surgeon or a Michelin-star chef.