Legal Word of the Day

Naked: As a term of jurisprudence, this word is equivalent to bare, wanting in nec- essary conditions, incomplete, as a naked con- trad. (mulum pactum,) i. e., a contract devoid of consideration, and therefore invalid; or simple, unilateral, comprising but a single element, as a naked authority, i. e., one which is not coupled with any interest in the agent, but subsists for the benefit of the principal alone.

 

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