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UTAS

In old English practice. Octave; the octave; the eighth day following any term or feast. Cowell.

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UTTER

To put or seud into circulation ; to publish or put forth. To utter and publish an instrument is to declare or assert, directly or indirectly, by words or actions, that it is good; uttering it is a declaration that it is good, with an intention or offer to pass it. Whart. Crim. Law,

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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 the sale and securing to the “upset bidder” the privilege of taking the property at his bid or competing at a new sale. Yost v. Porter, 80 Va. 858.

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USURIW CENTESIMAL

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

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UNFAIR COMPETITION IN TRADE

See UNFAIR.

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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 (or reciprocal) contracts are those by which the parties expressly enter into mutual engagements, such as sale or hire. Civ. Code La. art. 1758; Poth. Obi. 1, 1, 1. 2; Montpelier Seminary v. Smith, 69 Vt. 382, 38 Atl. 66; Laclede Const. Co. v. Tudor Ironworks, 169 Mo. 137, 09 S. W. 388.

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UISDATE

A false or erroneous date affixed to a paper or document

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