Examlex
Explain why there is neither a "Free" nor "Expensive Lunch" when convertible bonds are issued?
Consideration
In contract law, consideration refers to something of value exchanged between parties, which is necessary for a contract to be legally binding.
Legal Detriment
A loss or disadvantage that occurs as a result of a contract or agreement, serving as consideration for a promise in contract law.
Firm Offer
In contract law, a proposal made by a seller to supply goods or services at a fixed price, which cannot be withdrawn for a certain period.
Consideration
Something of value exchanged between parties in a contract that induces them to enter into the agreement.
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