All present in agreement, complete unity with respect to a vote, a vote with no dissenters. … [Read more...]
ULTRA PETITA
Latin meaning beyond that which has been sought. … [Read more...]
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...]
UKAAS OR UKASE
The name of a law or ordinance emanating from the czar of Russia. … [Read more...]
ULTRAHAZARDOUS ACTIVITY
Actions that are so dangerous that strict liability is imputed for damages that are caused by the person or the entity conducting the activity. … [Read more...]