A Contract Consists of Mutual Promises Between Two Parties That

question 43

True/False

A contract consists of mutual promises between two parties that can be enforced in a court of law.

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Definitions:

Medicare Payment

Payments made by the Medicare program to healthcare providers for services rendered to Medicare beneficiaries.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Medicaid

A healthcare program for low-income individuals and families in the United States, funded jointly by the state and federal government.

Fixed Costs

Costs that remain constant regardless of the level of production or services provided by a company.