{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-2a-519","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-2A-519","heading":"Lessee's damages for nondelivery, repudiation, default","body":"and breach of warranty in regard to accepted goods.\n\nLESSEE'S DAMAGES FOR NONDELIVERY,\n\nREPUDIATION, DEFAULT AND BREACH OF\n\nWARRANTY IN REGARD TO ACCEPTED GOODS\n\n(1) Except as otherwise provided with respect to damages\n\nliquidated in the lease agreement (Section 2A-504 of this title) or\n\notherwise determined pursuant to agreement of the parties\n\n(subsection (c) of Section 15 of this act and Section 2A-503 of this\n\ntitle), if a lessee elects not to cover or a lessee elects to cover\n\nand the cover is by lease agreement that for any reason does not\n\nqualify for treatment under subsection (2) of Section 2A-518 of this\n\ntitle, or is by purchase or otherwise, the measure of damages for\n\nnondelivery or repudiation by the lessor or for rejection or\n\nrevocation of acceptance by the lessee is the present value, as of\n\nthe date of the default, of the then market rent minus the present\n\nvalue as of the same date of the original rent, computed for the\n\nremaining lease term of the original lease agreement, together with\n\nincidental and consequential damages, less expenses saved in\n\nconsequence of the lessor's default.\n\n(2) Market rent is to be determined as of the place for tender\n\nor, in cases of rejection after arrival or revocation of acceptance,\n\nas of the place of arrival.\n\n(3) Except as otherwise agreed, if the lessee has accepted\n\ngoods and given notification (subsection (3) of Section 2A-516 of\n\nthis title), the measure of damages for nonconforming tender or\n\ndelivery or other default by a lessor is the loss resulting in the\n\nordinary course of events from the lessor's default as determined in\n\nany manner that is reasonable together with incidental and\n\nconsequential damages, less expenses saved in consequence of the\n\nlessor's default.\n\n(4) Except as otherwise agreed, the measure of damages for\n\nbreach of warranty is the present value at the time and place of\n\nacceptance of the difference between the value of the use of the\n\ngoods accepted and the value if they had been as warranted for the\n\nlease term, unless special circumstances show proximate damages of a\n\ndifferent amount, together with incidental and consequential\n\ndamages, less expenses saved in consequence of the lessor's default\n\nor breach of warranty.","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":"286e3382036438556e8c92dcab5b9924dd224a2c11917c9bba0684165633a467","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-2a-518","next":"us-ok/okla.-stat.-tit.-12a-12a-2a-520"},"notice":"GroundRules: Original legal text. Not legal advice."}