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- Nudum_pactum abstract "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. While the offer may bind a person morally, 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.In the US, the Uniform Commercial Code has invalidated the doctrine of nudum pactum as it applies to offers made by "merchants" under the firm offer rule under certain circumstances. It holds that those offers are legally enforceable in a manner similar to option contracts.".
- Nudum_pactum wikiPageID "5162737".
- Nudum_pactum wikiPageLength "982".
- Nudum_pactum wikiPageOutDegree "9".
- Nudum_pactum wikiPageRevisionID "626435995".
- Nudum_pactum wikiPageWikiLink Category:Contract_law.
- Nudum_pactum wikiPageWikiLink Common_law.
- Nudum_pactum wikiPageWikiLink Consideration.
- Nudum_pactum wikiPageWikiLink Contract.
- Nudum_pactum wikiPageWikiLink Firm_offer.
- Nudum_pactum wikiPageWikiLink Gratuitous.
- Nudum_pactum wikiPageWikiLink Option_contract.
- Nudum_pactum wikiPageWikiLink Uniform_Commercial_Code.
- Nudum_pactum wikiPageWikiLink Unilateral_contract.
- Nudum_pactum wikiPageWikiLinkText "nudum pactum".
- Nudum_pactum hasPhotoCollection Nudum_pactum.
- Nudum_pactum wikiPageUsesTemplate Template:Refimprove.
- Nudum_pactum subject Category:Contract_law.
- Nudum_pactum type Article.
- Nudum_pactum type Article.
- Nudum_pactum comment "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. While the offer may bind a person morally, since the offer has not been created with any consideration, it is gratuitous and treated as a unilateral contract.".
- Nudum_pactum label "Nudum pactum".
- Nudum_pactum sameAs m.0d5q9l.
- Nudum_pactum sameAs Q7068403.
- Nudum_pactum sameAs Q7068403.
- Nudum_pactum wasDerivedFrom Nudum_pactum?oldid=626435995.
- Nudum_pactum isPrimaryTopicOf Nudum_pactum.