Native Alaskan Reclamation & Pest Control, Inc. v. United Bank Alaska

OPINION

BURKE, Chief Justice.

This appeal arises out of an action for breach of contract.

I. PACTS AND PROCEEDINGS

Appellant, Native Alaskan Reclamation and Pest Control, Inc. [NAR-PC], is a closely held Alaskan corporation engaged in the business of specialty contract flying. NAR-PC’s business activities include the operation of fire retardant aircraft in the suppression of wild fires for the federal government and the State of Alaska. NAR-PC’s chief executive officer and principal shareholder is Lester Risley.

In mid-1977, Risley learned that eleven Grumman TS2A [“S-2”] United States military…