Terms Used In Alaska Statutes 45.63.020

  • Contract: A legal written agreement that becomes binding when signed.

Until a telephone seller receives from a buyer a signed, written contract for the purchase, the telephone seller may not solicit payment for the purchase, charge a credit card account for the purchase, negotiate a check or other commercial instrument intended for payment of the purchase, or accept a cash payment for the purchase. The written contract must notify the buyer of the rights of the buyer under Alaska Stat. § 45.63.030(a) and disclose the information required by the department by regulation.