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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-2-603: Merchant Buyer's Duties as to Rightfully Rejected

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Where this section sits in the code
  1. OK Code
  2. Title 12A

Goods.

(1) Subject to any security interest in the buyer (subsection

(3) of Section 2-711), when the seller has no agent or place of

business at the market of rejection a merchant buyer is under a duty

after rejection of goods in his possession or control to follow any

reasonable instructions received from the seller with respect to the

goods and in the absence of such instructions to make reasonable

efforts to sell them for the seller's account if they are perishable

or threaten to decline in value speedily. Instructions are not

reasonable if on demand indemnity for expenses is not forthcoming.

(2) When the buyer sells goods under subsection (1), he is

entitled to reimbursement from the seller or out of the proceeds for

reasonable expenses of caring for and selling them, and if the

expenses include no selling commission then to such commission as is

usual in the trade or if there is none to a reasonable sum not

exceeding ten percent (10%) on the gross proceeds.

(3) In complying with this section the buyer is held only to

good faith and good faith conduct hereunder is neither acceptance

nor conversion nor the basis of an action for damages.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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