Nudum pactum

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nudum pactum
contract that cannot be enforced because on side benefits without putting forth any effort


Wikipedia English The Free EncyclopediaDownload this dictionary
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 corresponding offer of value in exchange. Since the offer has not been created with any consideration, it is gratuitous and treated as a unilateral contract. The offer is therefore revocable at any time by the offeror before acceptance by the offeree.
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BabylonGerman English dictionaryDownload this dictionary
Nudum Pactum
nudum pactum, contract that cannot be enforced because on side benefits without putting forth any effort (Latin)

Webster's Revised Unabridged Dictionary (1913)Download this dictionary
Nudum pactum

A bare, naked contract, without any consideration.
  

Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter. About
Duhaime.org Legal DictionaryDownload this dictionary
Nudum pactum
A contract-law term which stands for those agreements which are without consideration, such as a unilateral undertaking, which may bind a person morally, but not under contract law, in those jurisdictions which still require consideration. - (read more on Nudum pactum)
  

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