Joshua Contractually Agreed to Sell a Widget to Maya for $50

question 14

Multiple Choice

Joshua contractually agreed to sell a widget to Maya for $50 000. Before the sale was completed, however, Maya announced that she no longer wanted the widget. She therefore refused to accept delivery of it or to make any payment. The widget is really worth $55 000. There are several other parties who are willing to buy it from Joshua at that price. At the time of entering into his contract with Maya, however, Joshua thought that the widget was worth $60 000. He therefore thought that he would earn a profit of $10 000 under the contract. A court will order Maya to pay Joshua

• A) $0.
• B) $10 000.
• C) $5000.
• D) $55 000.
• E) $50 000.

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Definitions:

Physiological Changes

Alterations in the normal functions of living organisms, often as a response to environmental or internal processes.

James-Lange Theory

A psychological theory suggesting that emotions occur as a result of physiological reactions to events.

Physiological Changes

Alterations in the body's normal biological functions, which can occur due to various factors like stress, disease, or age.

Happiness

A mental or emotional state of well-being characterized by positive or pleasant emotions ranging from contentment to intense joy.