Brad Defends Against a Breach-Of-Contract Suit by College Credit Corporation

question 38

Multiple Choice

Brad defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal-a student loan accruing interest at a certain rate and payable beginning on a certain date-was unfair because the consideration for their contract was inadequate.
-Refer to Fact Pattern 11-2."Adequacy" of consideration refers to

• A)"how much" consideration is given.
• B)legally sufficient value in the eyes of the law.
• C)the intangible value to a contracting party of a thing exchanged.
• D)the substantiality of the consideration exchanged.

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Definitions:

Internal State

The condition or situation within an organism or object, often referring to physiological or emotional states not visible externally.

Extinction

The elimination or suppression of a response caused by the discontinuation of reinforcement or the removal of the unconditioned stimulus.

S-R Association

Stands for Stimulus-Response Association, which refers to the connection formed between a specific stimulus and a consequent response in behaviorism.

Guthrie

Edwin Ray Guthrie was a behavioral psychologist known for his theory that learning is a direct association between stimulus and response, occurring in a single trial without reinforcement.