Colorable Claim – a claim that appears legally well founded, but may actually be false or invalid

colorable:

1. Apparently valid or legitimate, but actually false or questionable.

colorable claim:

 

1. A claim that superficially is legally well-founded, but that may actually be invalid.

2. In bankruptcy law, a groundless claim of right to property by a person in possession of the property against trustee in bankruptcy’s claim for possession. [1]

1. a claim that appears to be valid but is in fact invalid. [2]

1. A claim that is legitimate and that may reasonably be asserted, given the facts presented and the current law (or a reasonable and logical extension or modification of the current law).

2.. A claim in which the debtor and property holder are, as a matter of law, not adverse. * An example of a colorable claim is one made by a person holding property as an agent or bailee of the bankrupt. [3]

 

References:

Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.

[1]:  Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

[2]: Black’s Law Dictionary Second Edition Online, “COLORABLE CLAIIM”: http://thelawdictionary.org/colorable-claim/

[3]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

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