Alaska Prepayment Agreement
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How to fill out Alaska Prepayment Agreement?
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FAQ
A contract is an agreement between two or more persons who make promises to each other that are legally enforceable. A contract can be a written document, or just an oral agreement, but it cannot be for an illegal purpose. Contracts ? Alaska Youth Law Guide Alaska Bar Association ? entering-the-real-world ? money Alaska Bar Association ? entering-the-real-world ? money
Alaska law prohibits prepayment penalties on any loan contracts and commitments covering one- to four-family dwellings, except federally insured loans that require a prepayment penalty (AS 45.45. 010(g)).
Section 45.45. 010 prescribes the legal rate of interest in the state as 10.5 percent per annum. Parties in a contract or loan commitment may charge, by express agreement, an interest rate over five percent above the legal rate fixed by the state.
Formation of a contract under Alaska law requires four elements: an offer that includes all essential terms, an unequivocal acceptance, consideration, and mutual intent to be bound. Thomas v. Archer, 384 P. 3d 791, 797 (Alaska 2016).
Do contracts need to be in writing? Yes. All agreements should be in writing, no matter how minor they seem, to ensure that each party understands what they are agreeing to, and to document that the agreement has indeed been made. Under State Law AS 45.02. Contracts and Agreements, administration, Local Government ... Alaska Department of Commerce, Community, and Economic Development (.gov) ? ... ? Administration Alaska Department of Commerce, Community, and Economic Development (.gov) ? ... ? Administration
Contract actions to be brought in three years. Unless the action is commenced within three years, a person may not bring an action upon a contract or liability, express or implied, except as provided in AS 09.10. 040, or as otherwise provided by law, or, except if the provisions of this section are waived by contract. Alaska Statutes § 09.10.053 (2022) - Contract actions to be ... Justia Law ? chapter-10 ? section-09-10-053 Justia Law ? chapter-10 ? section-09-10-053
The elements of a claim for breach of contract are the existence of a contract, breach, and damages. 24.00a breach of contract: introductory instruction / basic elements alaska.gov ? CVPJI ? docs alaska.gov ? CVPJI ? docs
(c) A landlord may not abuse the right of access or use it to harass the tenant. Except in case of emergency or if it is impracticable to do so, the landlord shall give the tenant at least 24 hours notice of intention to enter and may enter only at reasonable times and with the tenant's consent.