One-sided; ex parte; having relation to only one of two or more persons or things. Unilateral contract. See CONTRACT. Unilateral mistake. A mistake or misun-derstanding as to the terms or effect of a contract, made or entertained by one of the parties to it but not by the other. Unilateral record. Records are unilateral when offered to show a particular fact, as a prima jade … [Read more...] about UNILATERAL
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UNION-JACK
The national flag of Great Britain and Ireland, which combines the banner of St. Patrick with the crosses of St. George and St. Andrew. The word "jack" is most probably derived from the surcoat, charged with a red cross, anciently used by the English soldiery. This appears to have been called a "jacque," whence the word "Jacket," anciently written "jacquit" Some, however, … [Read more...] about UNION-JACK
UNILATERAL CHANGE
A change made (or proposed) by one party to an agreement. … [Read more...] about UNILATERAL CHANGE
UNISSUED STOCK
Shares of stock that are authorized to be issued by a corporation's articles of incorporation but are not sold (issued.) … [Read more...] about UNISSUED STOCK
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...] about UNILATERAL CONTRACT