Alaska Statutes Title 45, Chapter 45.12, Article 04 - Performance of Lease Contract

• Sec. 45.12.401 Insecurity: Adequate Assurance of Performance.
  (a) A lease contract imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired.(b) If reasonable...
• Sec. 45.12.402 Anticipatory Repudiation.
  (a) If either party repudiates a lease contract with respect to a performance not yet due under the lease contract, the loss of which...
• Sec. 45.12.403 Retraction of Anticipatory Repudiation.
  (a) Until the repudiating party's next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party has...
• Sec. 45.12.404 Substituted Performance.
  (a) If without fault of the lessee, the lessor, and the supplier, the agreed berthing, loading, or unloading facilities fail or the agreed type...
• Sec. 45.12.405 Excused Performance.
  Subject to AS 45.12.404 on substituted performance, the following rules apply:(1) delay in delivery or nondelivery in whole or in part by a lessor...
• Sec. 45.12.406 Procedure on Excused Performance.
  (a) If the lessee receives notification of a material or indefinite delay or an allocation justified under AS 45.12.405 , the lessee may by...
• Sec. 45.12.407 Irrevocable Promises: Finance Leases.
  (a) In the case of a finance lease that is not a consumer lease, the lessee's promises under the lease contract become irrevocable and...

Last modified: November 15, 2016