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The most pressing challenge of the new nation under the Articles of Confederation concerned
Gratuitous Promise
A promise made without expecting anything in return, often not legally enforceable due to the lack of consideration.
Certificated Options
Options to buy or sell assets, especially securities, which are recognized and documented by a certificate.
Transferable
The characteristic of an asset or a legal right that allows it to be legally transferred or assigned from one party to another.
Warrants
Legal documents issued by a court or government authority that give law enforcement the power to perform certain actions, such as arrests or searches; also refers to financial instruments granting the right to purchase stock at a specified price.
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