nudum pactum

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

Merriam-Webster’s Dictionary of Law. . 1996.

nudum pactum
'a naked agreement', an agreement where there is no consideration. Unenforceable, generally, in English law and originally so in Roman law. The influence of the canon law and the maxim pacta sunt servanda means that such agreements are enforceable in many jurisdictions, notably in Scotland.

Collins dictionary of law. . 2001.

nudum pactum
n. Latin A bare or scant agreement that is not enforceable because consideration is lacking.

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • 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 — 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

  • nudum pactum — Latin: nude contract An agreement that is unenforceable in British law because no consideration is mentioned. See contract …   Big dictionary of business and management

  • nudum pactum — Literally, a bare agreement. A promise not supported by a consideration. Todd v Weber, 95 NY 181 …   Ballentine's law dictionary

  • nudum pactum — …   Useful english 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

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