Fernando Owes Lucia $8,000

question 401

Multiple Choice

Fernando owes Lucia $8,000. They both realize he is unlikely to be able to repay that much, so Lucia says: "Pay me $5,000 and we'll call it good." Fernando pays the $5,000. This settlement is called:

• A) preexisting duty
• B) liquidated debt
• C) unliquidated debt
• D) rescission
• E) none of the other choices

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Definitions:

Depressive Disorders

A group of conditions characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Neurotransmitters

Chemical messengers that transmit signals across the synaptic gaps between neurons, influencing a vast range of bodily and psychological functions.

Pessimistic Explanatory Style

A tendency to explain negative events as due to stable, global, and internal causes.

Schizophrenic Disorder

A mental health condition characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.