Purported agreements which are without consideration, such as unilateral undertakings which may bind a person morally, but not under contract law, in those jurisdictions which still require consideration.
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.
In ancient times, when the common law was often premised on a set of Latin maxims, students learned the expression nudum pactum est ubi nulla subest causa praeter conventionem; sed ubi subest causa, fit obligatio et parit actionem: a naked contract is where there is no consideration to support the agreement; but where there is a consideration, an obligaton exists, and produces an action; now, mercifully shortened to the doctrine of nudum pactum.
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