Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: U

UTI POSSIDETIS

Lat. In the civil law. A species of interdict for tlie purpose of retaining possession of a thing, granted to one who, at the time of contesting suit, was in possession of

UNILATERAL AND BILATERAL

A unilateral contract is one in which one party makes an express engagement or undertakes a performance, without receiving in return any express engagement or promise of performance from the other. Bilateral

UPSET BID

A bid made after a judicial sale, but before the successful bid at the sale has been confirmed, larger or better than such successful bid, and made for the purpose of upsetting

USURIW CENTESIMAL

Twelve per cent, per annum ; that is, a hundredth part of the principal was due each month,

UISDATE

A false or erroneous date affixed to a paper or document

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