Okla. Stat. tit. 12A, § 12A-2A-201: Statute of frauds

STATUTE OF FRAUDS

(1) A lease contract is not enforceable by way of action or

defense unless:

(a) the total payments to be made under the lease

contract, excluding payments for options to renew or buy, are less

than One Thousand Dollars ($1,000.00); or

(b) there is a record, signed by the party against

whom enforcement is sought or by that party's authorized agent,

sufficient to indicate that a lease contract has been made between

the parties and to describe the goods leased and the lease term.

(2) Any description of leased goods or of the lease term is

sufficient and satisfies paragraph (b) of subsection (1) of this

section, whether or not it is specific, if it reasonably identifies

what is described.

(3) A record is not insufficient because it omits or

incorrectly states a term agreed upon, but the lease contract is not

enforceable under paragraph (b) of subsection (1) of this section

beyond the lease term and the quantity of goods shown in the record.

(4) A lease contract that does not satisfy the requirements of

subsection (1) of this section, but which is valid in other

respects, is enforceable:

(a) if the goods are to be specially manufactured or

obtained for the lessee and are not suitable for lease or sale to

others in the ordinary course of the lessor's business, and the

lessor, before notice of repudiation is received and under

circumstances that reasonably indicate that the goods are for the

lessee, has made either a substantial beginning of their manufacture

or commitments for their procurement;

(b) if the party against whom enforcement is sought

admits in that party's pleading, testimony or otherwise in court

that a lease contract was made, but the lease contract is not

enforceable under this provision beyond the quantity of goods

admitted; or

(c) with respect to goods that have been received

and accepted by the lessee.

(5) The lease term under a lease contract referred to in

subsection (4) of this section is:

(a) if there is a record signed by the party against

whom enforcement is sought or by that party's authorized agent

specifying the lease term, the term so specified;

(b) if the party against whom enforcement is sought

admits in that party's pleading, testimony, or otherwise in court a

lease term, the term so admitted; or

(c) a reasonable lease term.