Okla. Stat. tit. 12A, § 12A-2-612
This is the official text of Okla. Stat. tit. 12A, § 12A-2-612, 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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"Installment Contract"; Breach
Official statutory text
(1) An "installment contract" is one which requires or
authorizes the delivery of goods in separate lots to be separately
accepted, even though the contract contains a clause "each delivery
is a separate contract" or its equivalent.
(2) The buyer may reject any installment which is nonconforming
if the nonconformity substantially impairs the value of that
installment and cannot be cured or if the nonconformity is a defect
in the required documents; but if the nonconformity does not fall
within subsection (3) and the seller gives adequate assurance of its
cure the buyer must accept that installment.
(3) Whenever nonconformity or default with respect to one or
more installments substantially impairs the value of the whole
contract there is a breach of the whole. But the aggrieved party
reinstates the contract if he accepts a nonconforming installment
without seasonably notifying of cancellation or if he brings an
action with respect only to past installments or demands performance
as to future installments.
authorizes the delivery of goods in separate lots to be separately
accepted, even though the contract contains a clause "each delivery
is a separate contract" or its equivalent.
(2) The buyer may reject any installment which is nonconforming
if the nonconformity substantially impairs the value of that
installment and cannot be cured or if the nonconformity is a defect
in the required documents; but if the nonconformity does not fall
within subsection (3) and the seller gives adequate assurance of its
cure the buyer must accept that installment.
(3) Whenever nonconformity or default with respect to one or
more installments substantially impairs the value of the whole
contract there is a breach of the whole. But the aggrieved party
reinstates the contract if he accepts a nonconforming installment
without seasonably notifying of cancellation or if he brings an
action with respect only to past installments or demands performance
as to future installments.
Status: in_force · Read it on the official government site
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