The agreement of all the persons concerned in a thing in design and opinion. 2. Generally a simple majority of any number of persons is sufficient to do such acts as the whole number can do; for example, a majority of the legislature can pass a law: but there are some cases in which unanimity is required; for example, a traverse jury, composed of twelve individuals, cannot … [Read more...] about UNANIMITY
U
ULTRA
Latin: Beyond; outside of; In excess of. Damages ultra, damages beyond a sum paid into court. Ultra mare. Beyond sea. One of the old essoins or excuses for not appearing in court at the return of process. Bract fol. 338. Ultra reprises. After deduction of drawbacks ; in excess of deductions or expenses. Ultra vires. A term used to express the action of a corporation which is … [Read more...] about ULTRA
UNANIMOUS
All present in agreement, complete unity with respect to a vote, a vote with no dissenters. … [Read more...] about UNANIMOUS
ULTRA PETITA
Latin meaning beyond that which has been sought. … [Read more...] about ULTRA PETITA
ULTRA VIRES
Latin meaning act without authority or literally beyond powers. This term is frequently used in business and agency law the Doctrine of Ultra Vires. An ultra virus act occurs when one commits an act that is beyond the powers or purpose of a corporation, e.g. the commingling of the assets of a wholly owned corporation with the sole shareholder's personal assets. In such an … [Read more...] about ULTRA VIRES
