Created by TCLA, this deck is designed to test your commercial awareness for law firm interviews.
| Front | What is a warranty? |
| Back | A contractual promise which gives rise to damages if breached. In the context of M&A, this is typically a seller making a statement about the state of the target company. |
| Front | What is a merger? |
| Back |
| Front | What is a bond? |
| Back | A debt instrument that can be traded. Imagine a loan split up into many pieces. Companies or governments can issue bonds to many investors to raise money. They will typically pay the investors back with interest over a period of time until the maturity date. Useful to raise money now and repay over a predictable period. |