Utah Code 70A-2-301. General obligations of parties
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Terms Used In Utah Code 70A-2-301
- Buyer: means a person who buys or contracts to buy goods. See Utah Code 70A-2-103
- 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.
- Seller: means a person who sells or contracts to sell goods. See Utah Code 70A-2-103
The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the contract.
Enacted by Chapter 154, 1965 General Session