Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Black's Law Dictionary: 2nd Edition

    Out of a nude or naked pact [that is, a bare parol agreement without consideration] no action arises. Bract fol. 99; Fleta, llb. 2, c. 56, ยง 3; Plowd. 305. Out of a promise neither attended with particular solemnity (such as belongs to a specialty) nor with any consideration no legal liability can arise. 2 Steph. Conun. 113. A parol agreement, without a valid consideration, cannot be made the foundation of an action. A leading maxim bath of the civil and common law. Cod. 2, 3, 10; Id. 5, 14, 1; 2 Bl. Comm. 445; Smith, Cont. 85, 86.