Okla. Stat. tit. 12A, § 12A-2-709: Action for the Price
Where this section sits in the code
- OK Code
- 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