Okla. Stat. tit. 12A, § 12A-2A-407: Irrevocable Promises; Finance Leases
Where this section sits in the code
- OK Code
- Title 12A
IRREVOCABLE PROMISES; FINANCE LEASES
(1) In the case of a finance lease that is not a consumer lease
the lessee's promises under the lease contract become irrevocable
and independent upon the lessee's acceptance of the goods.
(2) A promise that has become irrevocable and independent under
subsection (1) of this section:
(a) is effective and enforceable between the parties, and
by or against third parties including assignees of the
parties, and
(b) is not subject to cancellation, termination,
modification, repudiation, excuse, or substitution
without the consent of the party to whom the promise
runs.
(3) This section does not affect the validity under any other
law of a covenant in any lease contract making the lessee's promises
irrevocable and independent upon the lessee's acceptance of the
goods.
Collected 2026-09-14T18:32:36Z. Source file · JSON