Colorable Transaction Law and Legal Definition
A colorable transaction is an apparently valid transaction that may really be unlawful or illusory. It is a sham transaction appearing to be authentic. Courts may set aside such transactions because such transactions are pretended transactions.
A colorable transaction is one which presents an appearance which does not correspond with the reality, and in the sense contended for, an appearance intended to conceal or to deceive. [Osborn v. Osborn, 102 Kan. 890 (Kan. 1918)].
Legal Definition list
- Colorable Imitation Test
- Colorable Imitation
- Colorable Claim
- Colorable Alteration [Intellectual Property]
- Color Rendering Index – CRI
- Colorable Transaction
- Colorado River Abstention
- Colorado River Basin Project Act
- Colorado River Basin Salinity Control Act
- Colorado River Floodway Protection Act
- Colorado River Storage Project Act
Related Legal Terms
- ABC Transaction [Oil & Gas]
- Agency Transaction (Securities)
- Alternative Mortgage Transaction [Banks & Banking]
- Arms Length Transaction
- Asset Exchange or Conversion Transaction
- Automated Transaction
- Basket Transactions
- Bona Fide Hedging Transactions and Positions
- Colorable Alteration [Intellectual Property]
- Colorable Claim
