11 Alaska Admin. Code § 54.400

Current through October 17, 2024

Section 11 AAC 54.400 - Forfeiture of payments

In the event that the purchase contract should be terminated because of any breach by the vendee, as herein provided, the payments made by the vendee shall be forfeited to and retained by the vendor as partial liquidated damages for said breach.

11 AAC 54.400

Eff. 7/1/60, Register 1; am 8/15/64, Register 18

Authority:AS 38.05.020

AS 38.05.045