Examlex
Given the following zero-coupon bond prices,what is the forward rate agreement rate for a contract maturing at time 3?
Consideration
Consideration is the value (such as money, service, or promise) exchanged between parties in a contract, making the agreement legally binding.
Objective Theory
A legal principle stating that the intent in creating a contract is determined by the reasonable interpretation of the parties' actions and statements rather than individual subjective intentions.
Outward Manifestations
Refers to the actions or expressions by parties in a contract that show their intention to enter into the agreement.
Contract Law
The branch of law dealing with the formation, performance, and enforcement of agreements between parties.
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