Birinder Contractually Promised to Sell 10 000 Tons of Steel

question 65

True/False

Birinder contractually promised to sell 10 000 tons of steel to Maria.Because he honestly believed that he had a total of 25 000 tons of steel in stock, he sold 15 000 tons of steel to Boris under a separate contract.After doing so, however, he discovered that he originally had only 20 000 tons of steel in stock.Because he has only 5000 tons of steel remaining, and because he had acted honestly throughout, his contract with Maria is discharged on the basis of frustration.

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Definitions:

Cannon-Bard Theory

A theory of emotion that argues emotions and physiological responses occur simultaneously.

Conscious Experience

The range of experiences that one is aware of, including thoughts, feelings, perceptions, sensations, and the surrounding environment at any given moment.

Physiological Arousal

Physiological arousal involves the activation of the body's autonomic nervous system, leading to physical changes such as increased heart rate, blood pressure, or adrenaline in response to stimuli.

Stanley Schachter

An American psychologist best known for his development of the two-factor theory of emotion, which considers both physiological arousal and cognitive interpretation.