{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-2a-201","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-2A-201","heading":"Statute of frauds","body":"STATUTE OF FRAUDS\n\n(1) A lease contract is not enforceable by way of action or\n\ndefense unless:\n\n(a) the total payments to be made under the lease\n\ncontract, excluding payments for options to renew or buy, are less\n\nthan One Thousand Dollars ($1,000.00); or\n\n(b) there is a record, signed by the party against\n\nwhom enforcement is sought or by that party's authorized agent,\n\nsufficient to indicate that a lease contract has been made between\n\nthe parties and to describe the goods leased and the lease term.\n\n(2) Any description of leased goods or of the lease term is\n\nsufficient and satisfies paragraph (b) of subsection (1) of this\n\nsection, whether or not it is specific, if it reasonably identifies\n\nwhat is described.\n\n(3) A record is not insufficient because it omits or\n\nincorrectly states a term agreed upon, but the lease contract is not\n\nenforceable under paragraph (b) of subsection (1) of this section\n\nbeyond the lease term and the quantity of goods shown in the record.\n\n(4) A lease contract that does not satisfy the requirements of\n\nsubsection (1) of this section, but which is valid in other\n\nrespects, is enforceable:\n\n(a) if the goods are to be specially manufactured or\n\nobtained for the lessee and are not suitable for lease or sale to\n\nothers in the ordinary course of the lessor's business, and the\n\nlessor, before notice of repudiation is received and under\n\ncircumstances that reasonably indicate that the goods are for the\n\nlessee, has made either a substantial beginning of their manufacture\n\nor commitments for their procurement;\n\n(b) if the party against whom enforcement is sought\n\nadmits in that party's pleading, testimony or otherwise in court\n\nthat a lease contract was made, but the lease contract is not\n\nenforceable under this provision beyond the quantity of goods\n\nadmitted; or\n\n(c) with respect to goods that have been received\n\nand accepted by the lessee.\n\n(5) The lease term under a lease contract referred to in\n\nsubsection (4) of this section is:\n\n(a) if there is a record signed by the party against\n\nwhom enforcement is sought or by that party's authorized agent\n\nspecifying the lease term, the term so specified;\n\n(b) if the party against whom enforcement is sought\n\nadmits in that party's pleading, testimony, or otherwise in court a\n\nlease term, the term so admitted; or\n\n(c) a reasonable lease term.","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":"6aa97db0b85be0146f1a63130c88d20cf6040ed903e7c631deb76c6716ded8c1","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-2a-109","next":"us-ok/okla.-stat.-tit.-12a-12a-2a-202"},"notice":"GroundRules: Original legal text. Not legal advice."}