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AIRLINE SUPPORT v. ASM CAPITAL II, L.P.

Nos. S-13584, S-13593.

279 P.3d 599 (2012)

AIRLINE SUPPORT, INC., Appellant and Cross-Appellee, v. ASM CAPITAL II, L.P., Appellee and Cross-Appellant.

Supreme Court of Alaska.

June 29, 2012.

Attorney(s) appearing for the Case

Charles E. Tulin , Anchorage, for Appellant/Cross-Appellee.

Allen F. Clendaniel , Sedor, Wendlandt, Evans & Filippi, LLC, Anchorage, for Appellee/Cross-Appellant.

Before: CARPENETI, Chief Justice, FABE, WINFREE, and STOWERS, Justices.

OPINION

CARPENETI, Chief Justice.

I. INTRODUCTION

A limited partnership based in New York that invests in the claims of unsecured creditors sent a letter to an Alaska corporation offering to purchase one such claim for about one-third of its face value. The letter was addressed to the credit manager and was sent to the corporate offices. Upon receiving the envelope, the Alaska corporation forwarded it unopened to the manager of its accounts...

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