Negotiable Instruments (UCC Article 3) 

Alaska Statutes > Title 45 > Chapter 45.03 > § 45.03.413 - Obligation of acceptor

     (a) If an action based on anticipatory repudiation comes to trial before the time for performance with respect to some or all of the goods, damages based on market price (Alaska Stat. § 45.02.708 or 45.02.713) shall be determined according to the price of the goods prevailing at the time the aggrieved party learned of the repudiation.

     (b) If evidence of a price prevailing at the times or places described in this chapter is not readily available, the price prevailing within a reasonable time before or after the time described or at any other place that in commercial judgment or under usage of trade would serve as a reasonable substitute for the one described may be used, making a proper allowance for the cost of transporting the goods to or from the other place.

     (c) Evidence of a relevant price prevailing at a time or place other than the one described in this chapter offered by one party is not admissible until the party has given the other party notice the court finds sufficient to prevent unfair surprise.

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Questions & Answers: Negotiable Instruments (UCC Article 3)

does this apply to real estate foreclosure and the promissoty note?...

how do you over come a person that is in wrongful possession of the note and is trying to enforce it( foreclosure) ...

I have the same two questions above on foreclosure and note what if the mortgage note was never registered in the UCC court file by the original lender. Is this a fraud because th...

See also:

Alaska Statutes Chapter 45.03 - Negotiable Instruments

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