{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-1-103","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-1-103","heading":"Construction of Uniform Commercial Code to promote its","body":"purposes and policies - Applicability of supplemental principles of\n\nlaw.\n\nConstruction of Uniform Commercial Code to Promote Its Purposes\n\nand Policies; Applicability of Supplemental Principles of Law.\n\n(a) The Uniform Commercial Code shall be liberally construed\n\nand applied to promote its underlying purposes and policies, which\n\nare:\n\n(1) to simplify, clarify and modernize the law governing\n\ncommercial transactions;\n\n(2) to permit the continued expansion of commercial\n\npractices through custom, usage and agreement of the\n\nparties; and\n\n(3) to make uniform the law among the various\n\njurisdictions.\n\n(b) Unless displaced by the particular provisions of the\n\nUniform Commercial Code, the principles of law and equity, including\n\nthe law merchant and the law relative to capacity to contract,\n\nprincipal and agent, estoppel, fraud, misrepresentation, duress,\n\ncoercion, mistake, bankruptcy, or other validating or invalidating\n\ncause shall supplement its provisions.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"918f867e9140702852e6c10f85c8892b1c5929d54236dd816bb265798ffcebbd","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-1-102","next":"us-ok/okla.-stat.-tit.-12a-12a-1-104"},"notice":"GroundRules: Original legal text. Not legal advice."}