Andrew Has a Contract to Buy 100 Tables from Bartholomew

question 8

True/False

Andrew has a contract to buy 100 tables from Bartholomew at a price of $50 a table.Five days before Bartholomew is to deliver the tables, he tells Andrew that he is sorry, but $50 won't cover his costs; he will need at least $75 a table.Andrew agrees, because he needs the tables for his special sale.The modified contract is enforceable without new consideration, so long as Bartholomew is acting in good faith.

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Definitions:

Robert Rescorla

A psychologist known for his work on the involvement of cognitive processes in classical conditioning, particularly the Rescorla-Wagner model.

Fear Response

A primal reaction to perceived danger, involving physiological changes like increased heart rate and adrenaline production, aimed at facilitating a fight or flight reaction.

Observational Learning

The process of learning behaviors by watching and imitating others, also known as social learning or modeling.

Imitated

The action of copying or reproducing someone else's behavior, actions, or expressions, often a key method of learning and socialization.