Answer:
Sam and Sandy have an agreement whereby Sam will build a house on Sandy's beachfront lot. Before construction begins, Sandy changes her mind and decides she would rather build an addition onto her home in Baltimore. She discusses this with Sam, and they agree that he would build the addition to her home and not build the beach house. In this case, Sandy and Sam have an adjusted agreement.
Answer:
A policy that provides coverage for losses over an extended period of time up to a maximum benefit limit is known as Lifetime Limit Policy.
Explanation:
This policy is also know as Lifetime Maximum Benefit or Maximum Lifetime Benefit Policy where an insured individual will get paid the maximum amount of any health plan during his entire lifetime.
This policy has proved much beneficial for the people because they get a sign of relief without any kind of worry, if their medical treatment exceeds their allocated or allowed limit.
These policies particularly are limited only to the essential medical services, but here it needs to be defined what does this essential services means. Because the services considered as essential by one person might not be of the same importance for another person.
The theory which could maybe explain this situation is "play hard ,work hard"
Credit the cash or bank account (depending on how the payment was done), then debit the creditors account
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