Okla. Stat. tit. 12A, § 12A-2-616
This is the official text of Okla. Stat. tit. 12A, § 12A-2-616, 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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Procedure on Notice Claiming Excuse
Official statutory text
(1) Where the buyer receives notification of a material or
indefinite delay or an allocation justified under the preceding
section he may by written notification to the seller as to any
delivery concerned, and where the prospective deficiency
substantially impairs the value of the whole contract under the
provisions of this article relating to breach of installment
contracts (Section 2-612), then also as to the whole,
(a) terminate and thereby discharge any unexecuted portion
of the contract; or
(b) modify the contract by agreeing to take his available
quota in substitution.
(2) If after receipt of such notification from the seller the
buyer fails so to modify the contract within a reasonable time not
exceeding thirty (30) days the contract lapses with respect to any
deliveries affected.
(3) The provisions of this section may not be negated by
agreement except in so far as the seller has assumed a greater
obligation under the preceding section.
indefinite delay or an allocation justified under the preceding
section he may by written notification to the seller as to any
delivery concerned, and where the prospective deficiency
substantially impairs the value of the whole contract under the
provisions of this article relating to breach of installment
contracts (Section 2-612), then also as to the whole,
(a) terminate and thereby discharge any unexecuted portion
of the contract; or
(b) modify the contract by agreeing to take his available
quota in substitution.
(2) If after receipt of such notification from the seller the
buyer fails so to modify the contract within a reasonable time not
exceeding thirty (30) days the contract lapses with respect to any
deliveries affected.
(3) The provisions of this section may not be negated by
agreement except in so far as the seller has assumed a greater
obligation under the preceding section.
Status: in_force · Read it on the official government site
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