Answers

MD

Answered

The following is an example of adverse selection​

A) ​A majority of those applying for well paid jobs are well qualified
B) More reckless drivers opt for cars with more safety devices
C) Individuals living in less secure neighborhoods want to buy less insurance
D) ​Individuals with a strong family history of heart diseases opt to buy less insurance

On Sep 28, 2024


B
MD

Answered

The CEO of Intermountain Medical Equipment and the VP of Purchasing at ValleyCare Hospital in Boise entered into an oral agreement to manufacture 15 oversized electric/pneumatic gurneys for the operating room at ValleyCare Hospital in Boise,at a cost of $6,000 each,total contract price of $90,000.The gurneys were made to the specific instructions of ValleyCare and could not be easily sold to another hospital.After the gurneys were manufactured,ValleyCare can refuse to take them on the grounds that the oral contract was unenforceable.

On Sep 23, 2024


False