Ultra Vires
Originally acts of a corporation beyond or against its charter. Now includes illegal acts. An officer of a corporation may be personally liable for an ultra vires act of the corporation.
More Real Estate Definitons
1031 Exchange (1031 tax deferred exchange)Allodial SystemAttorney in factBlind AdCondemnationDefeasance clauseDoctrine of LachesDual AgencyEasementEquitable titleEstoppelExecuted contractFee Simple DefeasibleFiduciary DeedFriableImplied contractMetes And BoundsNet ListingOperating StatementOption ContractPersonal propertyPower of attorneyPrimary MarketsReal Estate ContractReal propertyRecognition AgreementRiparian rightsSecondary MarketsStraight NoteSubordinationSubrogationTenancy in PartnershipTrade fixturesTrust deedTrustor