Okla. Stat. tit. 12A, § 12A-2A-404
This is the official text of Okla. Stat. tit. 12A, § 12A-2A-404, 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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Substituted performance
Official statutory text
SUBSTITUTED PERFORMANCE
(1) If without fault of the lessee, the lessor and the
supplier, the agreed berthing, loading, or unloading facilities fail
or the agreed type of carrier becomes unavailable or the agreed
manner of delivery otherwise becomes commercially impracticable, but
a commercially reasonable substitute is available, the substitute
performance must be tendered and accepted.
(2) If the agreed means or manner of payment fails because of
domestic or foreign governmental regulation:
(a) the lessor may withhold or stop delivery or
cause the supplier to withhold or stop delivery unless the lessee
provides a means or manner of payment that is commercially a
substantial equivalent; and
(b) if delivery has already been taken, payment by
the means or in the manner provided by the regulation discharges the
lessee's obligation unless the regulation is discriminatory,
oppressive, or predatory.
(1) If without fault of the lessee, the lessor and the
supplier, the agreed berthing, loading, or unloading facilities fail
or the agreed type of carrier becomes unavailable or the agreed
manner of delivery otherwise becomes commercially impracticable, but
a commercially reasonable substitute is available, the substitute
performance must be tendered and accepted.
(2) If the agreed means or manner of payment fails because of
domestic or foreign governmental regulation:
(a) the lessor may withhold or stop delivery or
cause the supplier to withhold or stop delivery unless the lessee
provides a means or manner of payment that is commercially a
substantial equivalent; and
(b) if delivery has already been taken, payment by
the means or in the manner provided by the regulation discharges the
lessee's obligation unless the regulation is discriminatory,
oppressive, or predatory.
Status: in_force · Read it on the official government site
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