Oklahoma Statutes
§ 12A-2-511 — Tender of Payment by Buyer; Payment by Check.
Oklahoma·Title 12A Uniform Commercial Code
Tender of Payment by Buyer; Payment by Check.
(1)Unless otherwise agreed tender of payment is a condition to the seller's duty to tender and complete any delivery.
(2)Tender of payment is sufficient when made by any means or in any manner current in the ordinary course of business unless the seller demands payment in legal tender and gives any extension of time reasonably necessary to procure it.
(3)Subject to the provisions of this act on the effect of an instrument on an obligation (Section 3-310), payment by check is conditional and is defeated as between the parties by dishonor of the check on due presentment.
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Legislative History
Laws 1961, p. 91, § 2-511; Laws 1994, c. 46, § 3, eff. Sept. 1, 1994.
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Repealed§ 12A-1-108.1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.