Alaska Stat. § 45.12.205
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
An offer by a merchant to lease goods to or from another person in a signed writing that by its terms gives assurance that it will be held open is not revocable, for lack of consideration, during the time stated or, if no time is stated, for a reasonable time; however, in no event may the period of irrevocability exceed three months. A term of assurance under this section on a form supplied by the offeree shall be separately signed by the offeror.
AS 45.12.205