The ________ States That the Intent to Contract Is Judged

question 64

Multiple Choice

The ________ states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties.

• A) Restatement of the Law of Contracts
• B) Restatement (Second) of Contracts
• C) objective theory of contracts
• D) common law of contracts

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Definitions:

Fee-for-Service

A payment model where services are unbundled and paid for separately.

Reduce Health Care Costs

Efforts or strategies aimed at minimizing the expenses associated with medical care, including prevention, efficiency improvements, and policy reforms.

Managed-care Organizations

Health care entities that integrate the financing and delivery of medical services to subscribers, aiming to reduce unnecessary health care costs.

Containing Costs

involves measures or strategies employed to control, reduce, or keep expenses within certain limits or budgets.