Exam Study Guide, Master (1) - HMD 621 Hospitality Law Exam Study Guide Each exam will be worth 100 points and will include mostly multiple guess

Exam Study Guide, Master (1) - HMD 621 Hospitality Law Exam...

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HMD 621: Hospitality Law Exam Study Guide Each exam will be worth 100 points and will include mostly multiple guess, true/false, and matching questions. I will include a few essay questions on the exam. You can also review the old quizzes – which if you took them, the answers are posted online. If you missed the quiz – you will not be able to access the answers to the quizzes. Please note: While I have tried to include all information that will be included on the exam, since I am preparing this study guide prior to finishing the exam, I cannot guarantee that! For each chapter, you should be able to understand and answer questions relating to the following: Chapter 1 Why is the study of laws related to hospitality important? Understand the impact that laws have on your career as a future manager. Be familiar with the history of common law in the United States. Understand the make-up of the judicial system in the United States? What the acronym STEM stands for? How is it applied in the hospitality setting? Ethics – be able to define and explain. Terms to be familiar with: Attorney Litigation Law Common Law Civil Law Hospitality Law Liable Ethics 1
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Chapter 2 Understand how federal governmental agencies are involved in regulating the hospitality industry. What national and international agencies and departments are charged with monitoring and regulating the hospitality industry? What do each of them regulate? What are the three different tip compliance agreements that restaurants can enter into with the IRS? Who does the IRS hold responsible if the operator agrees to participate in these? Who does the IRS hold responsible if the operators DOES NOT agree to participate in these? How should you respond to an official inquiry or complaint from a regulatory entity? Terms to be familiar with: Unemployment benefits Workers’ compensation Dram shop acts Garnish 2
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Chapter 4 What is a contract? What are the essential parts of a contract? What types of hospitality management contacts did we discuss in class? Be prepared to explain. What is the UCC? What is its significance? Define confirmed, guaranteed, and non-guaranteed reservation. What are essential components of contracts where you are receiving goods/services? What are essential components of contracts where you are providing goods/services? What are some remedies and consequences of breaching an enforceable contract ? What are ways you as a manager can prevent breach of contract? What are compensatory and punitive damages? Terms to be familiar with: Plaintiff Defendant Contract Enforceable contract Consideration Offer Acceptance Express Contract Uniform Commercial Code (UCC) Caveat emptor Breach of Contract Confirmed reservation Nonguaranteed reservation Guaranteed Reservation Statute of Limitations 3
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Chapter 5 What are the items included in a franchise contract?
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