Okla. Stat. tit. 12A, § 12A-2A-221: Casualty to identified goods

CASUALTY TO IDENTIFIED GOODS

If a lease contract requires goods identified when the lease

contract is made, and the goods suffer casualty without fault of the

lessee, the lessor or the supplier before delivery, or the goods

suffer casualty before risk of loss passes to the lessee pursuant to

the lease agreement or Section 29 of this act, then:

(a) if the loss is total, the lease contract is

avoided; and

(b) if the loss is partial or the goods have so

deteriorated as to no longer conform to the lease contract, the

lessee may nevertheless demand inspection and at his option either

treat the lease contract as avoided or, except in a finance lease

that is not a consumer lease, accept the goods with due allowance

from the rent payable for the balance of the lease term for the

deterioration or the deficiency in quantity but without further

right against the lessor.