A Contract Can Only Involve Two Parties

question 13

True/False

A contract can only involve two parties.

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Definitions:

Federal Government

The national government of a federated state, which holds the authority to govern the issues that affect the entire country.

Health Insurance

A form of insurance that covers the cost of an insured individual's medical and surgical expenses.

Obamacare

Informal term for the Affordable Care Act, a comprehensive health care reform law enacted in March 2010 in the United States aimed at expanding health insurance coverage and reducing healthcare costs.

Externalities

The positive or negative impacts of a market transaction experienced by third parties not directly involved in the transaction.