Section 11.54.400. Forfeiture of payments.

Latest version.

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.

Authorities

38.05.020;38.05.045

Notes

Authority
 AS 38.05.020  
AS 38.05.045  
History Eff. 7/1/60, Register 1; am 8/15/64, Register 18

                    
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