(a) If a tender or delivery of goods so fails to conform to the contract as to give a right of rejection, the risk of their loss remains on the seller until cure or acceptance.
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Terms Used In Alaska Statutes 45.02.510

  • 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
  • seller: means a person who sells or contracts to sell goods. See Alaska Statutes 45.02.103
(b) If the buyer rightfully revokes acceptance, the buyer may, to the extent of a deficiency in the buyer’s effective insurance coverage, treat the risk of loss as having rested on the seller from the beginning.
(c) If the buyer as to conforming goods already identified to the contract for sale repudiates or is otherwise in breach before risk of their loss has passed to the buyer, the seller may, to the extent of a deficiency in the seller’s effective insurance coverage, treat the risk of loss as resting on the buyer for a commercially reasonable time.
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