Robert and Thomas signed a written contract which stated that Robert would loan $10,000.00 without interest to Thomas to be repaid on or before May 31, 2017. Thomas did not repay the full amount of the money until May 31, 2018, so Robert sued Thomas for one full year of interest at the legal rate on the $10,000.00 loan. At trial, Thomas wanted to testify that Robert e-mailed him, just before the due date, stating that the money could be repaid as late as May 31, 2018, without any penalty. Should this testimony be admitted into evidence

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

the third answer is correct.

answer///the madrid protocol;