Utah Statutes

§ 70A-3-103 — Definitions.

Utah·Title 70A Uniform Commercial Code·Ch. 70A-3 Uniform Commercial Code - Negotiable Instruments·Part 70A-3-1 General Provisions and Definitions
(1)In this chapter:
(1)(a) "Acceptor" means a drawee who has accepted a draft.
(1)(b) "Drawee" means a person ordered in a draft to make payment.
(1)(c) "Drawer" means a person who signs or is identified in a draft as a person ordering payment.
(1)(d) "Good faith" means honesty in fact in the conduct or transaction concerned.
(1)(e) "Maker" means a person who signs or is identified in a note as a person undertaking to pay.
(1)(f) "Order" means a written instruction to pay money signed by the person giving the instruction. The instruction may be addressed to any person, including the person giving the instruction, or to one or more persons jointly or in the alternative, but not in succession. An authorization to pay is not an order unless the person authorized to pay is also instructed

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Related

State v. Wallace
2006 UT App 232 (Court of Appeals of Utah, 2006)
1 case citations
Baer v. Myers
(D. Utah, 2022)

Legislative History

Amended by Chapter 272, 2007 General Session

Nearby Sections

15
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