- nudum pactum
- = Latin: nude contractAn agreement that is unenforceable in British law because no consideration is mentioned. See contract
Big dictionary of business and management. 2014.
nudum pactum
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nudum pactum — nu·dum pac·tum / nü dəm pak təm, nyü , päk / n [Medieval Latin, naked pact]: an agreement or promise that is made without consideration and hence unenforceable a mere nudum pactum compare gratuitous promise at promise … Law dictionary
nudum pactum — nu‧dum pac‧tum [ˌnjuːdʊm ˈpæktʊm ǁ ˌnuː ] noun [countable, uncountable] a futures contract or options contract where the seller does not own the related shares etc; = NAKED CONTRACT; NUDE CONTRACT * * * nudum pactum UK US noun [C] … Financial and business terms
Nudum pactum — Nu dum pac tum [L., a nude pact.] (Law) A bare, naked contract, without any consideration and therefore unenforceable in a court of law. Tomlins. [1913 Webster +PJC] … The Collaborative International Dictionary of English
Nudum pactum — 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… … Wikipedia
nudum pactum — /nooh deuhm pak teuhm, nyooh /, Law. a simple contract or promise involving no legal considerations. [ < L nudum pactum lit., bare pact] * * * … Universalium
nudum pactum ex quo non oritur actio — /n(y)uwdam paektam eks kwow non oratar aeksh(iy)ow/ Nudum pactum is that upon which no action arises … Black's law dictionary
nudum pactum ex quo non oritur actio — /n(y)uwdam paektam eks kwow non oratar aeksh(iy)ow/ Nudum pactum is that upon which no action arises … Black's law dictionary
Nudum pactum est ubi nulla subest cause propter conventionem; sed ubi subest causa fit obligatio, et parit actionem — A nudum pactum is where there is no consideration on account of the promise; but where there is a consideration, an obligation is effected, and it supports an action. See Broom s Legal Maxims 745, 746 … Ballentine's law dictionary
nudum pactum — noun In common law, a promise that is not legally enforceable due to lack of consideration … Wiktionary
nudum pactum — contract that cannot be enforced because on side benefits without putting forth any effort … English contemporary dictionary
