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Walter B. Cannon challenged the James-Lange theory of emotion by noting that the subjective experience of emotions is often virtually instantaneous, but the physiological changes caused by the sympathetic nervous systems can take several seconds to occur.
Severally Liable
When individuals or entities are individually responsible for their own proportion of liability in a debt or claim, instead of being collectively responsible.
Principal Relationship
A legal relationship between two parties in which one, the agent, is authorized to act on behalf of the other, the principal, in business transactions.
Unsecured Credit
A form of credit that is not backed by collateral, making it riskier for lenders since repayment relies solely on the borrower's creditworthiness and promise to pay.
Secondarily Liable
Refers to the condition where an individual or entity is not the primary debtor but still holds responsibility to fulfill an obligation if the primary party fails to do so.
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