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

Okla. Stat. tit. 12A, § 12A-2A-402: Anticipatory repudiation

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  1. OK Code
  2. Title 12A

ANTICIPATORY REPUDIATION

(1) If either party repudiates a lease contract with respect to

a performance not yet due under the lease contract, the loss of

which performance will substantially impair the value of the lease

contract to the other, the aggrieved party may:

(a) for a commercially reasonable time, await

retraction of repudiation and performance by the repudiating party;

(b) make demand pursuant to Section 41 of this act

and await assurance of future performance adequate under the

circumstances of the particular case; or

(c) resort to any right or remedy upon default under

the lease contract or this article, even though the aggrieved party

has notified the repudiating party that the aggrieved party would

await the repudiating party's performance and assurance and has

urged retraction.

(2) In addition, whether or not the aggrieved party is

pursuing one of the remedies provided for in subsection (1) of this

section, the aggrieved party may suspend performance or, if the

aggrieved party is the lessor, proceed in accordance with the

provisions of this article on the lessor's right to identify goods

to the lease contract notwithstanding default or to salvage

unfinished goods (Section 71 of this act).

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

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