Okla. Stat. tit. 12A, § 12A-2A-507
This is the official text of Okla. Stat. tit. 12A, § 12A-2A-507, 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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Proof of Market Rent; Time and Place
Official statutory text
PROOF OF MARKET RENT; TIME AND PLACE
(1) Damages based on market rent (Section 2A-519 or 2A-528 of
this title) are determined according to the rent for the use of the
goods concerned for a lease term identical to the remaining lease
term of the original lease agreement and prevailing at the times
specified in Sections 2A-519 and 2A-528 of this title.
(2) If evidence of rent for the use of the goods concerned for
a lease term identical to the remaining lease term of the original
lease agreement and prevailing at the times or places described in
this article is not readily available, the rent prevailing within
any reasonable time before or after the time described or at any
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 264
other place or for a different lease term which in commercial
judgment or under usage of trade would serve as a reasonable
substitute for the one described may be used, making any proper
allowance for the difference, including the cost of transporting the
goods to or from the other place.
(3) Evidence of a relevant rent prevailing at a time or place
or for a lease term other than the one described in this article
offered by one party is not admissible unless and until he has given
the other party notice the court finds sufficient to prevent unfair
surprise.
(4) If the prevailing rent or value of any goods regularly
leased in any established market is in issue, reports in official
publications or trade journals or in newspapers or periodicals of
general circulation published as the reports of that market are
admissible in evidence. The circumstances of the preparation of the
report may be shown to affect its weight but not its admissibility.
(1) Damages based on market rent (Section 2A-519 or 2A-528 of
this title) are determined according to the rent for the use of the
goods concerned for a lease term identical to the remaining lease
term of the original lease agreement and prevailing at the times
specified in Sections 2A-519 and 2A-528 of this title.
(2) If evidence of rent for the use of the goods concerned for
a lease term identical to the remaining lease term of the original
lease agreement and prevailing at the times or places described in
this article is not readily available, the rent prevailing within
any reasonable time before or after the time described or at any
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 264
other place or for a different lease term which in commercial
judgment or under usage of trade would serve as a reasonable
substitute for the one described may be used, making any proper
allowance for the difference, including the cost of transporting the
goods to or from the other place.
(3) Evidence of a relevant rent prevailing at a time or place
or for a lease term other than the one described in this article
offered by one party is not admissible unless and until he has given
the other party notice the court finds sufficient to prevent unfair
surprise.
(4) If the prevailing rent or value of any goods regularly
leased in any established market is in issue, reports in official
publications or trade journals or in newspapers or periodicals of
general circulation published as the reports of that market are
admissible in evidence. The circumstances of the preparation of the
report may be shown to affect its weight but not its admissibility.
Status: in_force · Read it on the official government site
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