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Nudum pactum in Latin literally means ' naked promise ' or ' bare promise '.In common law, it refers to a promise that is not legally enforceable for want of consideration.An example of a nudum pactum would be an offer to sell something without a corresponding offer of value in exchange.
Signet Jewelers Ltd. (Ratner Group 1949–1993 then Signet Group plc to September 2008) is, as of 2015, the world's largest retailer of diamond jewellery. [1] The company is domiciled in Bermuda and headquartered in Akron, Ohio , and is listed on the New York Stock Exchange .
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A well-known jewelry company is facing allegations of replacing real diamonds with fake ones.. KPRC reports that Houston-based Sophie Long went to Kay Jewelers, where her husband purchased her ...
2. A performance or return promise is bargained for if it is sought by the promisor in exchange for his promise and is given by the promisee in exchange for that promise. 3. The performance may consist of an act other than a promise, or a forbearance, or the creation, modification, or destruction of a legal relation. [1]
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[56] [57] As part of her husband's sentencing terms, she agreed to give up all of her possessions in return for a promise that federal prosecutors would not go after the $2.5 million she can keep from the federal prosecutors. The money was not protected from civil legal actions pursued by a court-appointed trustee liquidating Madoff's assets or ...