7-2A-506
been discovered by the aggrieved party, or when the default occurs, whichever is later. A cause
of action for indemnity accrues (a) in the case of an indemnity against liability, when the
act or omission on which the claim for indemnity is based is or should have been discovered
by the indemnified party, or when the default occurs, whichever is later, (b) in the case
of an indemnity against loss or damage, when the person indemnified makes payment thereof.
A cause of action for damages for injury to the person in the case of consumer goods
accrues when the injury occurs. (3) If an action commenced within the time limited
by subsection (1) is so terminated as to leave available a remedy by another action for the
same default or breach of warranty or indemnity, the other action may be commenced after the
expiration of the time limited and within 6 months after the termination of the first action
unless the termination resulted from voluntary discontinuance or from dismissal for failure...

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7-9A-407
Section 7-9A-407 Restrictions on creation or enforcement of security interest in leasehold
interest or in lessor's residual interest. (a) Term restricting assignment generally ineffective.
Except as otherwise provided in subsection (b), a term in a lease agreement is ineffective
to the extent that it: (1) prohibits, restricts, or requires the consent of a party to the
lease to the assignment or transfer of, or the creation, attachment, perfection, or enforcement
of a security interest in, an interest of a party under the lease contract or in the lessor's
residual interest in the goods; or (2) provides that the assignment or transfer or the creation,
attachment, perfection, or enforcement of the security interest may give rise to a default,
breach, right of recoupment, claim, defense, termination, right of termination, or remedy
under the lease. (b) Effectiveness of certain terms. Except as otherwise provided in Section
7-2A-303(7), a term described in subsection (a)(2) is effective to...
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7-2A-214
examined the goods or the sample or model as fully as desired or has refused to examine the
goods, there is no implied warranty with regard to defects that an examination ought in the
circumstances to have revealed; and (c) an implied warranty may also be excluded or modified
by course of dealing, course of performance, or usage of trade. (4) To exclude or modify a
warranty against interference or against infringement (Section 7-2A-211) or any part of it,
the language must be specific, be by a writing, and be conspicuous, unless the circumstances,
including course of performance, course of dealing, or usage of trade, give the lessee reason
to know that the goods are being leased subject to a claim or interest of any person. (5)
Nothing in subsection (2) or subsection (3)(a) or in Section 7-2A-215 shall be construed so
as to limit or expand the lessor's liability for damages for injury to the person in
the case of consumer goods. (Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §214.)...
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7-9A-323
Section 7-9A-323 Future advances. (a) When priority based on time of advance. Except as otherwise
provided in subsection (c), for purposes of determining the priority of a perfected security
interest under Section 7-9A-322(a)(1), perfection of the security interest dates from the
time an advance is made to the extent that the security interest secures an advance that:
(1) is made while the security interest is perfected only: (A) under Section 7-9A-309 when
it attaches; or (B) temporarily under Section 7-9A-312(e), (f), or (g); and (2) is not made
pursuant to a commitment entered into before or while the security interest is perfected by
a method other than under Section 7-9A-309 or 7-9A-312(e), (f), or (g). (b) Lien creditor.
Except as otherwise provided in subsection (c), a security interest is subordinate to the
rights of a person that becomes a lien creditor to the extent that the security interest secures
an advance made more than 45 days after the person becomes a lien creditor...
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41-16-57
it has been determined that only these goods or services will fulfill the function for which
the product is needed. Frivolous features will not be considered. (2) No other vendor offers
substantially equivalent goods or services that can accomplish the purpose for which the goods
or services are required. (3) All information substantiating the use of a sole source specification
is documented in writing and is filed into the project file. (c)(1) Beginning January 1, 2009,
for purchases of personal property, including on or after June 9, 2011, goods which
are, or are to become, fixtures, in instances where the awarding authority determines that
the total cost of ownership over the expected life of the item or items, including acquisition
costs plus sustaining costs or life cycle costs, can be reasonably ascertained from industry
recognized and accepted sources, the lowest responsible bid may be determined to be the bid
offering the lowest life cycle costs and otherwise meeting all of...
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8-37-2
30 days. (6) GUARANTEED ASSET PROTECTION WAIVER or GAP WAIVER. A contractual agreement in which
a creditor agrees for a separate charge to cancel or waive all or part of amounts due on a
borrower's finance agreement in the event of a total physical damage loss or unrecovered theft
of the motor vehicle, which agreement shall be part of, or a separate addendum to, the finance
agreement. (7) INSURER. An insurance company licensed, registered, or otherwise authorized
to do business under the insurance laws of this state. (8) MOTOR VEHICLE. Self-propelled or
towed vehicles designed for personal or commercial use, including but not limited to
automobiles, trucks, motorcycles, recreational vehicles, all terrain vehicles, snowmobiles,
campers, boats, personal watercraft, and motorcycle, and boat, camper and personal
watercraft trailers. (9) PERSON. An individual, company, association, organization, partnership,
business trust, corporation, and every form of legal entity. (Act 2017-392, §1.)...
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7-1-201
in size than the surrounding text, or in contrasting type, font, or color to the surrounding
text of the same or lesser size; and (B) Language in the body of a record or display in larger
type than the surrounding text, or in contrasting type, font, or color to the surrounding
text of the same size, or set off from surrounding text of the same size by symbols or other
marks that call attention to the language. (11) "Consumer" means an individual who
enters into a transaction primarily for personal, family, or household purposes. (12)
"Contract," as distinguished from "agreement," means the total legal obligation
that results from the parties' agreement as determined by this title as supplemented by any
other applicable laws. (13) "Creditor" includes a general creditor, a secured creditor,
a lien creditor, and any representative of creditors, including an assignee for the benefit
of creditors, a trustee in bankruptcy, a receiver in equity, and an executor or administrator
of an...
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16-13B-7
the defaulting bidder and make an award to the second lowest responsible bidder for the remainder
of the award period without rebidding, provided the award to the second lowest responsible
bidder is in all respects made under the terms and conditions contained in the original bid
specifications and is for the same or a lower price than the bid originally submitted to the
awarding authority by the second lowest responsible bidder. (b) The awarding authority in
the purchase of or contract for personal property or contractual services shall give
preference, provided there is no sacrifice or loss in price or quality, to commodities produced
in Alabama or sold by Alabama persons, firms, or corporations. Notwithstanding the foregoing,
no county or city board of education may specify the purchase of goods or services from a
sole source, unless: (1) The board of education can document that the sole source product
or service is of an indispensable nature, no other product or service can meet...
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27-12-14
to any tax payable on account of such insurance, nor relieve any insured named in the policy
nor any employee of such insured who knowingly receives or accepts any rebate, discount, abatement,
credit, or reduction of the premium in violation of subsection (b) of this section, of any
penalty otherwise applicable under this title on account of any such violation. (e) No person
in this state shall advertise, offer, or provide free insurance as an inducement to the purchase
or sale of real or personal property or of services, directly or indirectly, connected
with such real or personal property. (1) For the purposes of this subsection, "free
insurance" is insurance for which no identifiable and additional charge is made to the
purchase of such real property or personal property or services or insurance for which
an identifiable or additional charge is made in an amount less than the cost of such insurance
as to the seller or other person, other than the insurer providing the same. (2)...
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26-1A-204
Section 26-1A-204 Real property. (a) Unless the power of attorney otherwise provides, language
in a power of attorney granting general authority with respect to real property authorizes
the agent to: (1) demand, buy, lease, receive, accept as a gift or as security for an extension
of credit, or otherwise acquire or reject an interest in real property or a right incident
to real property; (2) sell; exchange; convey with or without covenants, representations, or
warranties; quitclaim; release; surrender; retain title for security; encumber; partition;
consent to partitioning; subject to an easement or covenant; subdivide; apply for zoning or
other governmental permits; plat or consent to platting; develop; grant an option concerning;
lease; sublease; contribute to an entity in exchange for an interest in that entity; or otherwise
grant or dispose of an interest in real property or a right incident to real property; (3)
pledge or mortgage an interest in real property or right incident to...
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