Okla. Stat. tit. 12A, § 12A-2-502
This is the official text of Okla. Stat. tit. 12A, § 12A-2-502, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Buyer's Right to Goods on Seller's Insolvency
Official statutory text
Buyer's Right to Goods on Seller's Insolvency.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 209
(1) Subject to paragraphs (2) and (3) of this section and even
though the goods have not been shipped a buyer who has paid a part
or all of the price of goods in which the buyer has a special
property under the provisions of Section 2-501 of this title may on
making and keeping good a tender of any unpaid portion of their
price recover them from the seller if:
(a) in the case of goods bought for personal, family, or
household purposes, the seller repudiates or fails to deliver as
required by the contract; or
(b) in all cases, the seller becomes insolvent within ten (10)
days after receipt of the first installment on their price.
(2) The buyer’s right to recover the goods under subparagraph
(a) of paragraph (1) vests upon acquisition of a special property,
even if the seller had not then repudiated or failed to deliver.
(3) If the identification creating his special property has
been made by the buyer he acquires the right to recover the goods
only if they conform to the contract for sale.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 209
(1) Subject to paragraphs (2) and (3) of this section and even
though the goods have not been shipped a buyer who has paid a part
or all of the price of goods in which the buyer has a special
property under the provisions of Section 2-501 of this title may on
making and keeping good a tender of any unpaid portion of their
price recover them from the seller if:
(a) in the case of goods bought for personal, family, or
household purposes, the seller repudiates or fails to deliver as
required by the contract; or
(b) in all cases, the seller becomes insolvent within ten (10)
days after receipt of the first installment on their price.
(2) The buyer’s right to recover the goods under subparagraph
(a) of paragraph (1) vests upon acquisition of a special property,
even if the seller had not then repudiated or failed to deliver.
(3) If the identification creating his special property has
been made by the buyer he acquires the right to recover the goods
only if they conform to the contract for sale.
Status: in_force · Read it on the official government site
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