{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-2a-505","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-2A-505","heading":"Cancellation and termination and effect of","body":"cancellation, termination, rescission, or fraud on rights and\n\nremedies.\n\nCANCELLATION AND TERMINATION AND EFFECT OF\n\nCANCELLATION, TERMINATION, RESCISSION, OR FRAUD ON\n\nRIGHTS AND REMEDIES\n\n(1) On cancellation of the lease contract, all obligations that\n\nare still executory on both sides are discharged, but any right\n\nbased on prior default or performance survives, and the canceling\n\nparty also retains any remedy for default of the whole lease\n\ncontract or any unperformed balance.\n\n(2) On termination of the lease contract, all obligations that\n\nare still executory on both sides are discharged but any right based\n\non prior default or performance survives.\n\n(3) Unless the contrary intention clearly appears, expressions\n\nof \"cancellation\", \"rescission\", or the like of the lease contract\n\nmay not be construed as a renunciation or discharge of any claim in\n\ndamages for an antecedent default.\n\n(4) Rights and remedies for material misrepresentation or fraud\n\ninclude all rights and remedies available under this article for\n\ndefault.\n\n(5) Neither rescission nor a claim for rescission of the lease\n\ncontract nor rejection or return of the goods may bar or be deemed\n\ninconsistent with a claim for damages or other right or remedy.","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":"3b90108cecde5938163aed8b0daa500ab1baef16d99589836f26a6c32287ea36","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-2a-504","next":"us-ok/okla.-stat.-tit.-12a-12a-2a-506"},"notice":"GroundRules: Original legal text. Not legal advice."}