MetaGlossary.com: Nudum Pactum

Definitions for "Nudum Pactum" Add To Word List

Keywords: Naked, Bare, Consideration, Pactum, Unenforceable

Related Terms: Contract , Acceptance, Accord, Agree, Agreement, Consideration, Executory, Negotiate, Promise, Stipulate, Term, Undertaking, Breach Of Contract, Covenant Not To Compete, Unilateral Contract, Subject To Contract, Contracts, Oral Agreement, Letter Of Intent, Quasi-Contract, Contract Law, Conclusion Of Missives, Implied Contract, Meeting Of The Minds, Heads Of Agreement, Negotiated Contract, Oral Contract, Mutual Assent, Batna, Retainer Agreement, Settlement Agreement, Unenforceable Contract, Executed Contract, Executory Contract, Quasi Contract, Bargaining, Bilateral Contract, Interim Agreement, Offer, Agreement, Meeting Of Minds, Anticipatory Breach, Valid Contract, Agreement, Agreement, Unenforceable, Compromise Agreement, Missives, Performance

Submit a better definition with this meaning

A bare, naked contract, without any consideration and therefore unenforceable in a court of law.

ftp://ftp.uga.edu/pub/misc/webster/

Helpful?

A naked promise, one for which no consideration has been given.

http://www.crfonline.org/orc/glossary/n.html

Helpful?

A simple agreement not enforceable as a contract.

http://arcourts.ualr.edu/glossary.htm

Helpful?

A contract-law term which stands for those agreements which are without consideration. An example would be a unilateral undertaking, which may bind a person morally, but would not be binding under contract law in those jurisdictions which still require consideration.

http://bailyes.com/legal_glossary_N.htm

Helpful?

A nudum pactum in Latin literally means 'Bare or Naked Promise.' In common law, it refers to a promise that is not legally enforceable for want of consideration. An example of a nudum pactum would be an offer to sell something without a corresponding offer of value in exchange.

http://en.wikipedia.org/wiki/Nudum_pactum

Helpful?

Privacy Statement | Terms of Use