Alaska Statutes 45.02.102 – Scope; certain security and other transactions excluded
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Terms Used In Alaska Statutes 45.02.102
- Contract: A legal written agreement that becomes binding when signed.
- present sale: means a sale that is accomplished by the making of the contract. See Alaska Statutes 45.02.106
- Statute: A law passed by a legislature.
Unless the context otherwise requires, this chapter applies to transactions in goods; it does not apply to a transaction that, although in the form of an unconditional contract to sell or present sale, is intended to operate only as a security transaction, nor does this chapter impair or repeal any statute regulating sales to consumers, farmers, or other specified class of buyers.