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A Contract Must Show Mutual Agreement, Which Is Also Referred

question 21

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A contract must show mutual agreement, which is also referred to as "a meeting of the minds."


Definitions:

Diabetic Patient

A diabetic patient is a person diagnosed with diabetes, a chronic condition characterized by high levels of glucose in the blood.

Deductible

The amount paid out of pocket by the policyholder before an insurance company will cover the remaining costs attributed to a claim.

Policyholder

An individual or entity that owns an insurance policy, thereby having the insurance cover for specified risks.

Copayment

A fixed amount paid by a patient for healthcare services, with the remaining balance covered by their insurance plan.

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