- 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.
Big dictionary of business and management. 2014.
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