Okla. Stat. tit. 12A, § 12A-1-103: Construction of Uniform Commercial Code to promote its

purposes and policies - Applicability of supplemental principles of

law.

Construction of Uniform Commercial Code to Promote Its Purposes

and Policies; Applicability of Supplemental Principles of Law.

(a) The Uniform Commercial Code shall be liberally construed

and applied to promote its underlying purposes and policies, which

are:

(1) to simplify, clarify and modernize the law governing

commercial transactions;

(2) to permit the continued expansion of commercial

practices through custom, usage and agreement of the

parties; and

(3) to make uniform the law among the various

jurisdictions.

(b) Unless displaced by the particular provisions of the

Uniform Commercial Code, the principles of law and equity, including

the law merchant and the law relative to capacity to contract,

principal and agent, estoppel, fraud, misrepresentation, duress,

coercion, mistake, bankruptcy, or other validating or invalidating

cause shall supplement its provisions.