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Posts Tagged: Contract Implied In Fact

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When Not Stated, What Interest Rate Applies to Contracts in Utah?

Wednesday, September 25 Posted in Blog, Commercial Litigation by deanna

By Joseph G. Ballstaedt 801-365-1021 [email protected] The answer to this question is quite simple. Under Utah law, people who enter a contract can agree to any interest rate they want, but if they do not agree to a specific rate, the default rate under Utah law is ten percent (10%) per annum. As explained below, Read More

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