An offer by a merchant to lease goods to or from another person in a signed writing that by its terms gives assurance that it will be held open is not revocable, for lack of consideration, during the time stated or, if no time is stated, for a reasonable time; however, in no event may the period of irrevocability exceed three months. A term of assurance under this section on a form supplied by the offeree shall be separately signed by the offeror.
Structure Alaska Statutes
Article 2. Formation and Construction of Lease Contract.
Sec. 45.12.201. Statute of frauds.
Sec. 45.12.202. Final written expression: parol or extrinsic evidence.
Sec. 45.12.203. Seals inoperative.
Sec. 45.12.204. Formation in general.
Sec. 45.12.206. Offer and acceptance in formation of lease contract.
Sec. 45.12.208. Modification, rescission, and waiver.
Sec. 45.12.209. Lessee under finance lease as beneficiary of supply contract.
Sec. 45.12.210. Express warranties.
Sec. 45.12.212. Implied warranty of merchantability.
Sec. 45.12.213. Implied warranty of fitness for particular purpose.
Sec. 45.12.214. Exclusion or modification of warranties.
Sec. 45.12.215. Cumulation and conflict of warranties express or implied.
Sec. 45.12.216. Third-party beneficiaries of express and implied warranties.
Sec. 45.12.217. Identification.
Sec. 45.12.218. Insurance and proceeds.