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

Okla. Stat. tit. 12A, § 12A-2-709: Action for the Price

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

(1) When the buyer fails to pay the price as it becomes due the

seller may recover, together with any incidental damages under the

next section, the price

(a) of goods accepted or of conforming goods lost or

damaged within a commercially reasonable time after risk of their

loss has passed to the buyer; and

(b) of goods identified to the contract if the seller is

unable after reasonable effort to resell them at a reasonable price

or the circumstances reasonably indicate that such effort will be

unavailing.

(2) Where the seller sues for the price he must hold for the

buyer any goods which have been identified to the contract and are

still in his control except that if resale becomes possible he may

resell them at any time prior to the collection of the judgment. The

net proceeds of any such resale must be credited to the buyer and

the payment of the judgment entitles him to any goods not resold.

(3) After the buyer has wrongfully rejected or revoked

acceptance of the goods or has failed to make a payment due or has

repudiated (Section 2-610), a seller who is held not entitled to the

price under this section shall nevertheless be awarded damages for

nonacceptance under the preceding section.

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

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