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...]
UNDIVIDED
That which is held by the same title by two or more persons, whether their rights are equal, as to value or quantity, or unequal. 2. Tenants in common, joint-tenants, and partners, hold an undivided right in their respective properties, until partition has been made. The rights of each owner of an undivided thing extends over the whole and every part of it, totum in toto, et … [Read more...]