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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 11. Natural Resources. |
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Part 11.1. Office of the Commissioner. |
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Chapter 11.54. Disposal of Lands. |
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Article 11.54.2. Purchase by Contract. |
Section 11.54.410. Written waiver.
Latest version.
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The receipt of payment by the vendor, with knowledge of any breach of the purchase contract by the vendee or of any default on the part of the vendee in observance or performance of any of the conditions or covenants of the contract, shall not be deemed to be a waiver of any provision of the contract. No failure on the part of the vendor to enforce any covenant or provision therein contained, nor any waiver of any right thereunder by the vendor unless in writing, shall discharge or invalidate such covenants or provisions or affect the right of the vendor to enforce the same in the event of any subsequent breach or default. The receipt of the vendor of any payment or any other sum of money after the termination, in any manner, of the contract, or after the giving by the vendor of any notice thereunder to effect such termination, shall not reinstate, continue, or extend the resultant contract, or destroy, or in any manner impair the efficacy of any such notice of termination as may have been given thereunder by the vendor to the vendee prior to the receipt of any such sum of money or other consideration, unless so agreed to in writing and signed by the vendor.
Authorities
38.05.020;38.05.045