promise or agreement
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 340 U.S. 106 - Harris v. Commissioner · 1950Most cited · 412 citing opinions
If 'the transfer' of marital rights in property is effected by the parties, it is pursuant to a 'promise or agreement' in the meaning of the statute. If 'the transfer' is effected by court decree, no 'promise or agreement' of the parties is the operative fact. In no realistic sense is a court decree a 'promise or agreement' between the parties to a litigation.