Oklahoma Statutes
§ 12A-1-304 — Obligation of good faith - Breach.
Oklahoma·Title 12A Uniform Commercial Code
Obligation of Good Faith. Every contract of duty within the Uniform Commercial Code imposes an obligation of good faith in its performance and enforcement. Breach of the obligation of good faith imposed by this section shall not give rise to a separate tort cause of action.
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Legislative History
Added by Laws 2005, c. 139, § 17, eff. Jan. 1, 2006. Amended by Laws 2013, 1st Ex.Sess., c. 16, § 2; Laws 2013, 1st Ex.Sess., c. 16, § 3. NOTE: Laws 2009, c. 228, § 21 was held unconstitutional by the Oklahoma Supreme Court in the case of Douglas v. Cox Retirement Properties, Inc., 2013 OK 37, 302 P.2d 789 (Okla. 2013) and repealed by Laws 2013, 1st Ex.Sess., c. 16, § 1.
Nearby Sections
15
§ 12A-1-101
Short titles.§ 12A-1-102
Scope of article.§ 12A-1-104
Construction against implicit repeal.§ 12A-1-106
Use of singular and plural - Gender.§ 12A-1-107
Section captions.§ 12A-1-108
Repealed§ 12A-1-108.1
Relationship to Electronic Signatures in Global and§ 12A-1-202
Notice - Knowledge.§ 12A-1-203
Lease distinguished from security interest.§ 12A-1-204
"Value".§ 12A-1-205
Reasonable time - Seasonableness.§ 12A-1-206
Presumptions.