Coverage, Inc

question 2

Multiple Choice

Coverage, Inc. (CI) , coordinates an insurance network that includes 1 million potential patients. By contracting with CI, a medical provider gains access to the network in exchange for accepting pay?ments at lower than market rates. Doctors, Inc., contracts with CI but, when few patients are forthcoming, files a suit to recover the differ?ence between the contract and market rates. The court will most likely rule that the contract is

• A) enforceable because consideration is not required for this contract.
• B) enforceable because the contract does not lack consideration.
• C) not enforceable because Doctors received few patients.
• D) not enforceable because the contract lacks consideration.

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Definitions:

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, water, and fertile land.

National State

A political entity characterized by a defined territory, permanent population, government, and capacity to enter into relations with other sovereign states.

Sherman Antitrust Act

Passed in 1890, first law to restrict monopolistic trusts and business combinations; extended by the Clayton Antitrust Act of 1914.

Theodore Roosevelt

The 26th president of the United States, known for his progressive policies, conservation efforts, and leadership of the Rough Riders.