Alaska Statutes > Title 45 > Chapter 2 > Article 3 – General Obligation and Construction of Contract
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Terms Used In Alaska Statutes > Title 45 > Chapter 2 > Article 3 - General Obligation and Construction of Contract
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- 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.
- Contract for sale: includes both a present sale of goods and a contract to sell goods at a future time. See Alaska Statutes 45.02.106
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- seller: means a person who sells or contracts to sell goods. See Alaska Statutes 45.02.103
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Statute: A law passed by a legislature.
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
- writing: includes printing. See Alaska Statutes 01.10.060