§ 1-303. Course of Performance, Course of Dealing, and Usage of Trade
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 1-303
§ 1-303. Course of Performance, Course of Dealing, and Usage of Trade
Course of Performance, Course of Dealing, and Usage of Trade.
(c) A “usage of trade” is any practice or method of dealing having such regularity of observance in a place, vocation, or trade as to justify an expectation that it will be observed with respect to the transaction in question. The existence and scope of such a usage must be proved as facts. If it is established that such a usage is embodied in a trade code or similar record, the interpretation of the record is a question of law.
(d) A course of performance or course of dealing between the parties or usage of trade in the vocation or trade in which they are engaged or of which they are or should be aware is relevant in ascertaining the meaning of the agreement of the parties, may give particular meaning to specific terms of the agreement, and may supplement or qualify the terms of the agreement. A usage of trade applicable in the place in which part of the performance under the agreement is to occur may be so utilized as to that part of the performance.
Credits
Laws 2005, c. 139, § 16, eff. Jan. 1, 2006; Laws 2009, c. 208, § 1, eff. Nov. 1, 2009.
12A Okl. St. Ann. § 1-303, OK ST T. 12A § 1-303
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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