Naked Contract
Law Encyclopedia:
Naked Contract
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NAKED. This word is used in a metaphorical sense to denote that a thing is not complete, and for want of some quality it is either without power, or it possesses a limited power.
NAKED OPTION
An opportunity to buy stock at a fixed price, offered by a seller who does not own the stock to back up the promise.
naked option
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natural law
natural person
naturalization
Near v.
Naked power
Definition
: a power (as a power of sale) granted to one who has no interest in the property to which the power relates (as an executor who is not a legatee or devisee)
compare power coupled with an interest in this entry ...
In English, a naked contract is where there is no consideration to support the agreement; but where there is a consideration, an obligation exists, and produces an action; now, mercifully shortened to the doctrine of nudum pactum.
REFERENCES: ...
again open to some measure of trade and to the equalizing effect of trade upon prices, the Bank of England and other banks of issue had to begin the uphill course of a resumption of specie payments, the nation had to begin to feel the whole naked ...
DEPOSIT - Usually defined to be a naked bailment of goods to be kept for the bailor, without reward, and to be returned when he shall require it.
exposing one's body and specially genitals by the way of nakedness in public is considered an indecent exposure.In the society it is considerded vulgar to expose ones genitals as it may bring shock to the cultured standards set by the society.
The term comes from the legendary Tom who was the one person who peeked when Lady Godiva rode her horse naked through the streets of Coventry to protest taxes. Being a peeping tom is treated as a crime based on sexual deviancy.
Furthermore, if a trademark owner does not maintain quality control and adequate supervision in relation to the manufacture and provision of products or services supplied by a licensee, such 'naked licensing' will eventually adversely impact on the ...
 See also: Law, Person, State, Term, Will
  
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