Oklahoma Statutes

§ 12A-2A-516 — Effect of Acceptance of Goods; Notice of Default;

Oklahoma·Title 12A Uniform Commercial Code

Burden of Establishing Default After Acceptance; Notice of Claim or Litigation to Person Answerable Over. EFFECT OF ACCEPTANCE OF GOODS; NOTICE OF DEFAULT; BURDEN OF ESTABLISHING DEFAULT AFTER ACCEPTANCE; NOTICE OF CLAIM OR LITIGATION TO PERSON ANSWERABLE OVER (1) A lessee must pay rent for any goods accepted in accordance with the lease contract, with due allowance for goods rightfully rejected or not delivered.

(2)A lessee's acceptance of goods precludes rejection of the goods accepted. In the case of a finance lease, if made with knowledge of a nonconformity, acceptance cannot be revoked because of it. In any other case, if made with knowledge of a nonconformity, acceptance cannot be revoked because of it unless the acceptance was on the reasonable assumption that the nonconformity wou

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Oklahoma § 12A-2A-516 (Effect of Acceptance of Goods; Notice of Default;) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Laws 1988, c. 86, § 63, eff. Nov. 1, 1988. Amended by Laws 1991, c. 117, § 16, eff. Jan. 1, 1992.

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