Published On:Friday, 13 January 2012
Posted by Muhammad Atif Saeed
Law Dictionary Word Under U
Uberrimae fidei of the utmost good faith. In certain contracts (such as insurance policies) one party must disclose (reveal) any material facts to the other party. If they are not disclosed the contract can be cancelled or become unenforceable. (This term is Latin.)
Ultra vires beyond one's powers. If an organisation does something ultra vires, what it has done is invalid. (This term is Latin.)
Underlease the lease of a property by a tenant of the property to someone else.
Undertaking a promise which can be enforced by law such as a promise made by one of the parties or by their counsel during legal proceedings.
Unfair contract terms prevents a party to a contract unfairly limiting their liability. The Unfair Contract Terms Act 1977 was passed to control unfair exclusion clauses. In particular, in a case where someone had been killed or injured because of someone else's negligence the act prevented a contract limiting the negligent person's liability.
Unfair dismissal sacking an employee unfairly. When an employee has been dismissed it is the employer's responsibility to prove that the dismissal was fair. If an industrial tribunal finds that the dismissal was unfair it can insist on compensation or reinstatement.
Unit trust a trust which manages investments. People can invest in unit trusts by buying units. The managers of the trust use the money people invest to buy investments. The fund manager values the fund's assets from time to time and puts a new price on the fund's units.
Unlawful wounding wounding someone without the justification of selfdefence or without power given by the law.
Unliquidated damages the amount of damages decided by a court because the parties to a contract had not agreed in advance how much the damages would be for breaking the terms of the contract.
Unreasonable behaviour behaviour by a married person that justifies the other partner in the marriage living apart.
Unregistered company a company which is not registered under the Companies Acts.
Unregistered land land which is not recorded in the registers at HM Land Registry.
Unsecured creditor someone who has lent money without getting any security for the loan.
Uterine describes people who have the same mother but different fathers.
