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NAKED CONTRACTFrom the Latin term nudum pactum, or "bare promise" An agreement between two parties that is without any legal effect because no consideration has been exchanged between the parties. A naked contract is unenforceable. In ROMAN LAW, a nudum pactum was an informal agreement that was not legally enforceable, because it did not fall within the specific classes of agreements that could support a legal action.A pactum could, however, create an exception to or modification of an existing obligation. |
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