Alaska Statutes
Title 45. Trade and Commerce
Chapter 01. General Provisions

Article 1. Short Title, Construction, Application, and Subject Matter of Act.

Sec. 45.01.111. Short titles. - (a) AS 45.01 - AS 45.08, AS 45.12, AS 45.14,...

Sec. 45.01.112. Scope of chapter. - This chapter applies to a transaction to the extent that...

Sec. 45.01.113. Construction of code to promote its purposes and policies; applicability of supplemental principles of law. - (a) The code shall be liberally construed and applied to...

Sec. 45.01.114. Construction against implied repeal. - The code being a general act intended as a unified...

Sec. 45.01.115. Severability. - If a provision or clause of the code or application...

Sec. 45.01.116. Use of singular and plural; gender. - In the code, the rules of construction in AS 01.10.050(b)...

Sec. 45.01.117. Section captions. - Notwithstanding AS 01.05.006 and 01.05.031(b)(2), section captions are part of...

Sec. 45.01.118. Relation to Electronic Signatures in Global and National Commerce Act. - The code modifies, limits, and supersedes 15 U.S.C. 7001 -...

Article 2. General Definitions and Principles of Interpretation.

Sec. 45.01.211. General definitions. - (a) Unless the context otherwise requires, words or phrases defined...

Sec. 45.01.212. Notice; knowledge. - (a) Subject to (f) of this section, a person has...

Sec. 45.01.213. Lease distinguished from security interest. - (a) Whether a transaction in the form of a lease...

Sec. 45.01.214. Value. - Except as otherwise provided in AS 45.03, AS 45.04, and...

Sec. 45.01.215. Reasonable time; seasonableness. - (a) Whether a time for taking an action required by...

Sec. 45.01.216. Presumptions. - Whenever the code creates a presumption with respect to a...

Article 3. Territorial Applicability and General Rules.

Sec. 45.01.301. Territorial applicability; parties' power to choose applicable law. - (a) Except as otherwise provided in this section, when a...

Sec. 45.01.302. Variation by agreement. - (a) Except as otherwise provided in (b) of this section...

Sec. 45.01.303. Course of performance, course of dealing, and usage of trade. - (a) A “course of performance” is a sequence of conduct...

Sec. 45.01.304. Obligation of good faith. - Every contract or duty within the code imposes an obligation...

Sec. 45.01.305. Remedies to be liberally administered. - (a) The remedies provided by the code must be liberally...

Sec. 45.01.306. Waiver or renunciation of claim or right after breach. - A claim or right arising out of an alleged breach...

Sec. 45.01.307. Prima facie evidence by third-party documents. - A document in due form purporting to be a bill...

Sec. 45.01.308. Performance or acceptance under reservation of rights. - (a) A party who, with explicit reservation of rights, performs...

Sec. 45.01.309. Option to accelerate at will. - A term providing that one party or that party's successor...

Sec. 45.01.310. Subordinated obligations. - An obligation may be issued as subordinated to performance of...