Title 15, Title 15: Contracts and Obligations in General

15-2-2. Liability for necessaries and on contracts -- Disaffirmance. 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 …

15-2-3. Limitation on right to disaffirm. 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 ca…

15-2-4. Payment for personal services. 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 …

15-3-1. Conveyances, releases, sales by persons acting jointly. 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…

15-3-2. Contracts not discharged by merger in obligor and obligee. 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.

15-3-3. Fraudulent transactions not validated. Nothing herein shall validate a transaction within its provisions which is actually or constructively fraudulent.

15-3-4. Effective date of chapter. This chapter does not apply to conveyances, releases, sales or contracts made prior to July 1, 1929.

15-4-1. Definitions. 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.…

15-4-2. Discharge of co-obligors by judgment. 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.

15-4-3. Payments by co-obligor. 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 …

15-4-4. Release of co-obligor -- Reservation of rights. Subject to the provisions of Section, 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 oblige…

15-4-5. Release of co-obligor -- Effect of knowledge of obligee. (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 cl…

15-4-6. Death of joint obligor -- Survivorship. 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.

15-4-6.5. Divorce or separate maintenance of co-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 b…

15-4-6.7. Medical and miscellaneous expenses of a child -- Collection and billing pursuant to court or administrative order of child support. (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 de…

15-4-7. Effective date of chapter. This chapter does not apply to obligations arising prior to July 1, 1929.

15-6-1. Short title. This act shall be known and may be cited as the "Utah Prompt Payment Act."

15-6-2. Time for payment by state agencies. (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 a…

15-6-3. Interest on payments by state agencies. (1) Interest shall accrue and be charged on payments overdue under Sectionat 2% above the rate paid by the Internal Revenue Service on refund claims. 15-6-2 This rate is established and adjusted on a quarterly basis and shall be app…

15-6-4. Disputed payments excepted. 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.

15-6-5. Contractors' payments to subcontractors -- Time -- Interest. 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 …

15-6-6. Exceptions. This chapter does not apply to contracts that involve disbursement of federal funds, or state and federal funds, by the state or its agencies.

15-7-1. Short title. This act shall be known and may be cited as the "Registered Public Obligations Act."

15-7-10. Investment of public funds in registered obligations of public entities of other states. Obligations issued by public entities under the laws of another state, the District of Columbia, or by territories or possessions of the United States, which are in registered form, …

15-7-11. Registration records -- Public inspection -- Location. (1) Records, with regard to the ownership of or security interests in registered public obligations, are not subject to inspection or copying under any law of this state relating to the right of the public to inspect…

15-7-12. Obligations subject to chapter. (1) Unless the official or official body of the issuer determines otherwise before or at the time of the original issuance of a registered public obligation, this act is applicable to such registered public obligation. When this act is app…

15-7-13. Construction with other law. This act shall be construed in conjunction with the Uniform Commercial Code and the principles of contract law relative to the registration and transfer of obligations.

15-7-14. Covenant against repeal of chapter. The state hereby covenants with the owners of any registered public obligations that it will not amend or repeal this act if the effect may be to impair the exemption from income taxation of interest on registered public obligations.

15-7-2. Definitions. As used in this chapter: (1) "Authorized officer" means any individual required or permitted by any law or by the issuing public entity to execute on behalf of the public entity, a certificated registered public obligation or a writing relating to an uncertif…

15-7-3. Purpose. (1) The Code provides that interest with respect to certain obligations may not be exempt from federal income taxation unless they are in registered form. It is therefore a matter of state concern that public entities be authorized to provide for the issuance of …

15-7-4. Registration system established by issuer. (1) Each issuer is authorized to establish and maintain a system of registration with respect to each obligation it issues. The system described in this Subsectionmay either be: (1) a system pursuant to which only certificated re…

15-7-5. Execution of obligations. (1) A certificated registered public obligation shall be executed by the issuer by the manual or facsimile signature or signatures of authorized officers. Any signature of an authorized officer may be attested by the manual or facsimile signature…

15-7-6. Signatures of officers. (1) Any certificated registered public obligation is valid and binding, notwithstanding the fact that any authorized officer who signed it ceased to be an authorized officer before it is issued. (2) An authorized officer may adopt as and for the si…

15-7-7. Seals. If a seal is required or permitted in the execution of a certificated registered public obligation, an authorized officer may cause a facsimile of the seal to be placed on such obligation. Use of a facsimile of the seal has the same legal effect as the impression o…

15-7-8. Agents of issuer. (1) An issuer may appoint for such term as may be agreed, including for so long as a registered public obligation may be outstanding, corporate or other authenticating agents, transfer agents, registrars, paying or other agents and specify the terms of t…

15-7-9. Transfer costs -- Agreements as to payment of costs. (1) An issuer, before or at original issuance of registered public obligations, may as part of a system of registration provide that the transferor or transferee of the registered public obligations pay all or a designa…

15-8-1. Short title. This chapter is known as the "Utah Rental Purchase Agreement Act."

15-8-10. Renegotiations and extensions. (1) A renegotiation shall occur when an existing rental purchase agreement is satisfied and replaced by a new agreement entered into by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosu…

15-8-11. Enforcement -- Penalties. (1) A lessor who fails to comply with the requirements of this chapter is liable to a consumer in an amount equal to the greater of: the actual damages sustained by the consumer as a result of the lessor's failure to comply with this chapter; or…

15-8-12. Lessor's defenses. (1) If a lessor established by a preponderance of evidence that a violation of this chapter is unintentional or the result of a bona fide error, no penalty specified in Sectionmay be imposed and the validity of the transaction is not affected. 15-8-11 …

15-8-2. Purpose -- Rules of construction. (1) This chapter shall be liberally construed and applied to promote its underlying purposes and policies. (2) The underlying purposes and policies of this chapter are to: define, simplify, and clarify the law governing consumer rental pu…

15-8-3. Definitions. As used in this title: (1) "Cash price" means the price at which the lessor would have sold the property to the consumer for cash on the date of the rental purchase agreement. (2) "Consumer" means a natural person who rents personal property under a rental pu…

15-8-4. Inapplicability of other laws -- Exempted transactions. (1) Rental purchase agreements that comply with this chapter are not governed by the laws relating to: a security interest as that term is defined in Section; or 70A-1a-201, except that Sectionsthroughandshall apply …

15-8-5. General requirements of disclosure. (1) A lessor shall disclose to a consumer the information required by this chapter. In a transaction involving more than one lessor, only one lessor needs to make the disclosures, but all lessors shall be bound by the disclosures. (2) T…

15-8-6. Disclosures. (1) For each rental purchase agreement, the lessor shall disclose in the agreement the following items, as applicable: the total number, total dollar amount, and timing of all payments necessary to acquire ownership of the property; a statement that the consu…

15-8-7. Prohibited practices. A rental purchase agreement may not contain: (1) a confession of judgment; (2) a negotiable instrument; (3) a claim of a property interest in any goods except those goods delivered by the lessor pursuant to the rental purchase agreement; (4) a wage a…