The Law Dictionary

UNIVERSAL

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Having relation to the whole or an entirety; pertaining to all without exception; a term more extensive than "general," which latter may admit of exceptions. Universal agent. One who is appointed to do all the acts which the principal can personally do, and which he may lawfully delegate the power to another to do. Universal legaey. See Legacy. Universal partnership. See … [Read more...]

UNIVERSAL LEGACY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A term used among civilians. An universal legacy is a testamentary disposition, by which the testator gives to one or several persons the whole of the property which he leaves at his decease. … [Read more...]

UNIVERSAL PARTNERSHIP

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The name of a specie's of partnership by which all the partners agree to put in common all their property, universorum bonorum, not only what they then have, but also what they shall acquire. 2. In Louisiana, universal partnerships are allowed, but properly which may accrue to one of the parties, after entering into the partnership, by donation, succession, or legacy, does not … [Read more...]

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