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UL unordered lists
These require start and end tags, and contain one or
more LI elements representing individual list items.[w3.org...]
The error message I get from the W3C validator says: end tag for "UL" which is not finished
Along a similar line, I was reading the W3C rendering instructions for user agents recently, and noted that an empty paragraph element <p></p> is not supposed to be rendered in any way. However it does pass the validator for html 4.01 -- event strict!