(a) The remedies provided by the code must be liberally administered to the end that the aggrieved party may be put in as good a position as if the other party had fully performed, but neither consequential or special damages nor penal damages may be had except as specifically provided in the code or by other rule of law.
(b) A right or obligation declared by the code is enforceable by action unless the provision declaring it specifies a different and limited effect.
Structure Alaska Statutes
Chapter 01. General Provisions
Article 3. Territorial Applicability and General Rules.
Sec. 45.01.301. Territorial applicability; parties' power to choose applicable law.
Sec. 45.01.302. Variation by agreement.
Sec. 45.01.303. Course of performance, course of dealing, and usage of trade.
Sec. 45.01.304. Obligation of good faith.
Sec. 45.01.305. Remedies to be liberally administered.
Sec. 45.01.306. Waiver or renunciation of claim or right after breach.
Sec. 45.01.307. Prima facie evidence by third-party documents.
Sec. 45.01.308. Performance or acceptance under reservation of rights.