Okla. Stat. tit. 12A, § 12A-2A-505: Cancellation and termination and effect of

cancellation, termination, rescission, or fraud on rights and

remedies.

CANCELLATION AND TERMINATION AND EFFECT OF

CANCELLATION, TERMINATION, RESCISSION, OR FRAUD ON

RIGHTS AND REMEDIES

(1) On cancellation of the lease contract, all obligations that

are still executory on both sides are discharged, but any right

based on prior default or performance survives, and the canceling

party also retains any remedy for default of the whole lease

contract or any unperformed balance.

(2) On termination of the lease contract, all obligations that

are still executory on both sides are discharged but any right based

on prior default or performance survives.

(3) Unless the contrary intention clearly appears, expressions

of "cancellation", "rescission", or the like of the lease contract

may not be construed as a renunciation or discharge of any claim in

damages for an antecedent default.

(4) Rights and remedies for material misrepresentation or fraud

include all rights and remedies available under this article for

default.

(5) Neither rescission nor a claim for rescission of the lease

contract nor rejection or return of the goods may bar or be deemed

inconsistent with a claim for damages or other right or remedy.