Utah · statute · Utah Code tit. 15 · 57 active provisions
(1) The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract, including a contract for services, a loan or forbearance of any money, goods, or services, or a claim for breach of contract. (2) Unless the parties to a lawful written, verbal, or implied contract exp…
Whenever in any statute or deed, or written or verbal contract, or in any public or private instrument whatever, any certain rate of interest is mentioned and no period of time is stated, interest shall be calculated at the rate mentioned by the year.
(1) As used in this section: (a) "Court" means: (i) the district court; (ii) the justice court; (iii) the Business and Chancery Court; or (iv) the Constitutional Court if Title 78A, Chapter 5b, Constitutional Court, takes effect as described in Section 78A-5b-102. (b) "Federal postjudgment interest rate" means the inte…
The period of minority extends in males and females to the age of 18 years; but all minors obtain their majority by marriage. It is further provided that courts in divorce actions may order support to age 21.
A minor is bound not only for reasonable value of necessaries but also by the minor's contracts, unless the minor disaffirms them before or within a reasonable time after the minor attains majority and restores to the other party all money or property received by the minor by virtue of said contracts and remaining with…
No contract can be thus disaffirmed in cases where, on account of the minor's own misrepresentations as to the minor's majority or from the minor having engaged in business as adult, the other party had good reason to believe the minor capable of contracting.
When a contract for the personal services of a minor has been made with the minor alone, and those services are afterward performed, payment made therefor to such minor in accordance with the terms of the contract is a full satisfaction for those services, and the parent or guardian cannot recover therefor a second tim…
A conveyance, release or sale may be made to or by two or more persons acting jointly and one or more, but less than all, of these persons acting either alone or with other persons; and a contract may be made between such parties.
No contract shall be discharged because after its formation the obligation and the right thereunder become vested in the same person, acting in different capacities as to the right and the obligation.
Nothing herein shall validate a transaction within its provisions which is actually or constructively fraudulent.
This chapter does not apply to conveyances, releases, sales or contracts made prior to July 1, 1929.
As used in this chapter: (1) "Administrative agency" means the same as that term is defined in Section 81-6-101. (2) "Child" means the same as that term is defined in Section 81-6-101. (3) "Obligation" includes a liability in tort and contractual obligations. (4) "Obligee" includes a creditor and a person having a righ…
A judgment against one or more of several obligors, or against one or more of joint or of joint and several obligors, may not discharge a co-obligor who was not a party to the proceeding wherein the judgment was rendered.
The amount or value of any consideration received by the obligee from one or more of several obligors, or from one or more of joint or of joint and several obligors, in whole or in partial satisfaction of their obligations shall be credited to the extent of the amount received on the obligation of all co-obligors to wh…
Subject to the provisions of Section 15-4-3, the obligee's release or discharge of one or more of several obligors, or of one or more of joint or of joint and several obligors, does not discharge co-obligors against whom the obligee in writing and as part of the same transaction as the release or discharge expressly re…
(1) If an obligee releasing or discharging an obligor without express reservation of rights against a co-obligor then knows or has reason to know that the obligor released or discharged did not pay as much of the claim as that obligor was bound by that obligor's contract or relation with that co-obligor to pay, the obl…
On the death of a joint obligor in contract the joint obligor's executor or administrator shall be bound as such jointly and severally with the surviving obligor or obligors.
(1) On the entering of a decree of divorce or separate maintenance of joint debtors in contract, the claim of a creditor remains unchanged unless otherwise provided by the contract or until a new contract is entered into between the creditor and the debtors individually. (2) In addition to the creditor's duties as a se…
(1) When a court or an administrative agency enters an order that provides for the payment of medical and dental expenses of a child as described in Section 26B-9-224 or 81-6-202, a provider who receives a copy of the order: (a) at or before the time the provider renders medical or dental services to the child, and upo…
This chapter does not apply to obligations arising prior to July 1, 1929.
This act shall be known and may be cited as the "Utah Prompt Payment Act."
(1) An agency of the state of Utah which acquires property or services pursuant to a contract with a business shall pay for each complete delivered item of property or service on the date required by contract between such business and agency or, if no date for payment is specified by contract, within 60 days after rece…
(1) (a) Interest shall accrue and be charged on payments overdue under Section 15-6-2 at 2% above the rate paid by the Internal Revenue Service on refund claims. (b) This rate is established and adjusted on a quarterly basis and shall be applied on a per annum basis beginning on the day after payment is due, if the pay…
If the agency fails to pay the amount due on time because of a dispute between the agency and the business over the amount due or over compliance with the contract, the provisions of this chapter do not apply.
Upon payment by an agency of the state of Utah or by an agency of the United States, a business which has acquired under contract, property or services in connection with its contract with such an agency from a subcontractor or supplier, shall pay such subcontractor or supplier within 30 days after payment from such ag…