nudum pactum


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nudum pactum

(ˈnjuːdʊm ˈpæktʊm)
n
(Law) law an agreement made without consideration and void unless made under seal
[Latin: nude (sense 3b) agreement]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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It regarded them as a nudum pactum and unenforceable, even if there was evidence that the pledge was used for and did induce others to subscribe.
On the other hand, a contract that is nudum pactum is a void contract.