Shares of stock that are authorized to be issued by a corporation's articles of incorporation but are not sold (issued.) … [Read more...]
UNILATERAL CONTRACT
A contract where only one party makes an express promise or an agreement to perform without receiving or securing a reciprocal promise and where the offeree can later act upon such promise, e.g. a promise to pay another $100 if they refrain from smoking for the next 3 months. civil law. When the party to whom an engagement is made, makes no express agreement on his part, the … [Read more...]
UNIT
A standard of measurement. A single item. An apartment or single unit among numerous dwelling units. … [Read more...]
UNILATERAL MISTAKE
A mistake made by one party to an agreement, such as where one party misunderstood a term to an agreement where the other party did understand such term. … [Read more...]
UNITAS PERSONARUM
Latin: The unity of persons, as that between husband and wife, or ancestor and heir. … [Read more...]