Alaska Statutes 45.02.301 – General obligations of parties
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Alaska Statutes 45.02.301
- buyer: means a person who buys or contracts to buy goods. See Alaska Statutes 45.02.103
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- seller: means a person who sells or contracts to sell goods. See Alaska Statutes 45.02.103
The obligation of the seller is to transfer and deliver, and that of the buyer to accept and pay, in accordance with the contract.