Alaska Buy Sell Clauses and Related Material
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FAQ
Under Alaska Stat. § 45.50. 471, making a false and misleading statement in an advertisement addressed to the public, and readjusting or resetting a vehicle's odometer to show less miles in the odometer with an intent to deceive are unlawful acts or practices.
471. Unlawful acts and practices. (a) Unfair methods of competition and unfair or deceptive acts or practices in the conduct of trade or commerce are declared to be unlawful.
The statutes of limitations for civil cases and procedures in Alaska range from two to 10 years. Personal injury and defamation claims carry a two-year time limit, while fraud, collection of rents and debt, and judgments all have a ten-year limit.
Section 45.48. 400 prohibits a person from making a SSN available to the public. This section also prohibits a person from requiring a SSN to access products or services, including internet access, and prohibits the printing of a SSN on material mailed to a consumer unless required by state or federal law.
A person may not commence an action under this section more than two years after the person discovers or reasonably should have discovered that the loss resulted from an act or practice declared unlawful by AS 45.50. 471. [Repealed, Sec. 6 ch 96 SLA 1998].
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's Unfair Trade Practices and Consumer Protection Act, commonly called the Consumer Protection Act, prohibits unfair or deceptive business practices. advertising a ?sale? or ?special? price which is really a regular price, or holding a ?going out business? sale when the business does not intend to close.