Okla. Stat. tit. 12A, § 12A-2-709

This is the official text of Okla. Stat. tit. 12A, § 12A-2-709, 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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Action for the Price

Official statutory text

(1) When the buyer fails to pay the price as it becomes due the

seller may recover, together with any incidental damages under the

next section, the price

(a) of goods accepted or of conforming goods lost or

damaged within a commercially reasonable time after risk of their

loss has passed to the buyer; and

(b) of goods identified to the contract if the seller is

unable after reasonable effort to resell them at a reasonable price

or the circumstances reasonably indicate that such effort will be

unavailing.

(2) Where the seller sues for the price he must hold for the

buyer any goods which have been identified to the contract and are

still in his control except that if resale becomes possible he may

resell them at any time prior to the collection of the judgment. The

net proceeds of any such resale must be credited to the buyer and

the payment of the judgment entitles him to any goods not resold.

(3) After the buyer has wrongfully rejected or revoked

acceptance of the goods or has failed to make a payment due or has

repudiated (Section 2-610), a seller who is held not entitled to the

price under this section shall nevertheless be awarded damages for

nonacceptance under the preceding section.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.