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    Ultra Vires

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    RESEARCH
    Ultra vires refers to acts that are beyond the scope of authority granted by a corporate charter or by law. An officer can be liable for a firm's ultra vires actions. Ultra vires compromissi refers to arbitration awards that are beyond the authority granted by the terms of arbitration submission. Ultra vires inventarii refers to debts beyond the value of an inventory, and an executor would not be liable for debts of the deceased beyond the inventory value.

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    Ultra Vires

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    RESEARCH
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    Ultra vires refers to acts that are beyond the scope of authority granted by a corporate charter or by law. An officer can be liable for a firm's ultra vires actions. Ultra vires compromissi refers to arbitration awards that are beyond the authority granted by the terms of arbitration submission. Ultra vires inventarii refers to debts beyond the value of an inventory, and an executor would not be liable for debts of the deceased beyond the inventory value.

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    Ultra vires refers to acts that are beyond the scope of authority granted by a corporate charter or by law. An officer can be liable for a firm's ultra vires actions. Ultra vires compromissi refers to arbitration awards that are beyond the authority granted by the terms of arbitration submission. Ultra vires inventarii refers to debts beyond the value of an inventory, and an executor would not be liable for debts of the deceased beyond the inventory value.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    10 views1 page

    Ultra Vires

    Uploaded by

    RESEARCH
    Ultra vires refers to acts that are beyond the scope of authority granted by a corporate charter or by law. An officer can be liable for a firm's ultra vires actions. Ultra vires compromissi refers to arbitration awards that are beyond the authority granted by the terms of arbitration submission. Ultra vires inventarii refers to debts beyond the value of an inventory, and an executor would not be liable for debts of the deceased beyond the inventory value.

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    © All Rights Reserved
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    ULTRA VIRES

    ultra vires (<<schwa>>l-tr<<schwa>> vI-reez alsoveer-eez), adj. Unauthorized; beyond the


    scope of power allowed or granted by a corporate charter or by law <the officer was liable for the
    firm's ultra vires actions>. — Also termed extra vires. Cf. INTRA VIRES. [Cases: Corporations
    370(1), 385. C.J.S. Corporations §§ 554, 567, 573, 576.] — ultra vires,adv.

    ULTRA VIRES COMPROMISSI


    ultra vires compromissi (<<schwa>>l-tr<<schwa>> vI-reez [alsoveer-eez]
    kom-pr<<schwa>>-mis-I). [Law Latin] Hist. Beyond the force of the submission to arbitration;
    beyond the authority of the submission. • An arbitration award, for example, could be reduced if
    the award was greater than the submission warranted.

    ULTRA VIRES INVENTARII


    ultra vires inventarii (<<schwa>>l-tr<<schwa>> vI-reez [alsoveer-eez] in-ven-tair-ee-I).
    [Law Latin] Hist. Beyond the value of the inventory. • An executor was not liable for the
    decedent's debts ultra vires inventarii.

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