Alaska Statutes (Last Updated: January 11, 2017) |
Title 45. TRADE AND COMMERCE. |
Chapter 45.02. SALES. |
Article 45.02.03. GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT. |
Section 45.02.306. Output, requirements, and exclusive dealings.
Latest version.
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(a) A term that measures the quantity by the output of the seller or the requirements of the buyer means such actual output or requirements as may occur in good faith, except that no quantity unreasonably disproportionate to a stated estimate or, in the absence of a stated estimate, to a normal or otherwise comparable prior output or requirements may be tendered or demanded.
(b) A lawful agreement by either the seller or the buyer for exclusive dealing in the kind of goods concerned imposes, unless otherwise agreed, an obligation by the seller to use best efforts to supply the goods and by the buyer to use best efforts to promote their sale.
Notes
History
(Sec. 2.306 ch 114 SLA 1962)