law of Louisiana. In every tutorship, there shall be an undertutor, whom it shall be the duty of the judge to appoint at the time letters of tutorship are certified for the tutor. 2. It is the duty of the under-tutor to act for the minor, whenever the interest of the minor is in opposition to the interest of the tutor. … [Read more...] about UNDER-TUTOR
UNDERCAPITALIZATION
When a company does not have sufficient cash to carry on its business, usually used to describe starting businesses where the owners or incorporators do not place enough cash in deposit to run the business. … [Read more...] about UNDERCAPITALIZATION
UNDER-SHERIFF
deputy of a sheriff. The principal is called high-sheriff, and the deputy the under-sheriff. … [Read more...] about UNDER-SHERIFF
UNDERTAKING
A promise, engager ment, or stipulation. Each of the promises made by the parties to a contract, considered independently and not as mutual, may. in this sense, be denominated an "undertaking." "Undertaking" is frequently used in the special sense of a promise given in the course of legal proceedings by a party or his counsel, generally as a condition to obtaining some … [Read more...] about UNDERTAKING
UNDERSTOOD
The phrase "it is understood," when employed as a word of contract in a written agreement, has the same force as the words "it is agreed." Higginson v. Weld, 14 Gray (Mass.) 165. … [Read more...] about UNDERSTOOD