Examlex
When tubing is cut with a tubing cutter, a burr is produced in the process. This slight decrease in the inside diameter of the tube can adversely affect the operation of the system.
Stock Exchange
A marketplace where securities, such as stocks and bonds, are bought and sold.
Consideration
In contract law, it refers to something of value exchanged between parties as part of an agreement.
Legally Sufficient Value
A value, consideration, or benefit that is recognized by law as adequate to support a binding contract.
Preexisting Duty
An obligation or duty that already exists under a contract, and performing it, therefore, does not constitute consideration for a new promise.
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