Handy Hardware Store Agrees to Hire Ilsa for One Year

question 6

Multiple Choice

Handy Hardware Store agrees to hire Ilsa for one year at a salary of $500 per week.When Handy cancels the contract,Ilsa spends $100 to obtain a similar job that pays $450 per week for a year.Ilsa is entitled to recover

• A)the amount of the wages that Handy promised only.
• B)the difference between the wages at the two jobs only.
• C)the difference between the wages at the two jobs plus $100.
• D)$100 only.

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Definitions:

Insurance Adjustment

The process by which insurance claims are reviewed and settled, including the calculation of reimbursement amounts.

Secondary Insurance

Exists when a patient is covered under more than one insurance plan; charges are first submitted to the primary carrier, and any charges not covered are then submitted to the secondary carrier.

Error on Claim Form

An error on a claim form refers to mistakes or inaccuracies found on insurance claim documents, which can lead to delays or denials in payment.