Utah Code 15-3-2. Contracts not discharged by merger in obligor and obligee
Current as of: 2023 | Check for updates
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Terms Used In Utah Code 15-3-2
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: means :Utah Code 68-3-12.5
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.
No Change Since 1953