colorable claim

colorable claim
In bankruptcy law, a claim made by one holding the property as an agent or bailee of the bankrupt; a claim in which as a matter of law, there is no adverseness.
See also color

Black's law dictionary. . 1990.

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  • colorable claim — In bankruptcy law, a claim made by one holding the property as an agent or bailee of the bankrupt; a claim in which as a matter of law, there is no adverseness. See also color …   Black's law dictionary

  • colorable claim — A claim which superficially is proper and well founded, but may actually be invalid; a claim to property by a person in possession against the demand of a trustee in bankruptcy for possession, made in bad faith and without legal justification or… …   Ballentine's law dictionary

  • colorable — col·or·able adj: having an appearance of truth, validity, or right if a colorable claim or better can be pleaded D. F. Kolb and M. P. Carroll col·or·ably adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • claim — n [Old French, from clamer to call, claim, from Latin clamare to shout, proclaim] 1 a: a demand for something (as money) due or believed to be due; specif: a demand for a benefit (as under the workers compensation law) or contractual payment (as… …   Law dictionary

  • colorable — adjective Date: 14th century 1. seemingly valid or genuine < a colorable claim in law > 2. intended to deceive ; counterfeit < colorable and false pretenses > • colorably adverb …   New Collegiate Dictionary

  • substantial adverse claim — A claim which is real and actual, as distinguished from one which is merely colorable. A claim disclosing a contested matter of right involving at least a fair doubt and reasonable room for controversy in matters of law or fact. Harrison v… …   Ballentine's law dictionary

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  • Merrell Dow Pharmaceuticals Inc. v. Thompson — Supreme Court of the United States Argued April 28, 1986 …   Wikipedia

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