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§ 1-305. Remedies to be Liberally Administered

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 1. General Provisions (Refs & Annos)
Part 3. Territorial Applicability and General Rules
12A Okl.St.Ann. § 1-305
§ 1-305. Remedies to be Liberally Administered
Remedies to Be Liberally Administered.
(a) The remedies provided by the Uniform Commercial Code must be liberally administered to the end that the aggrieved party may be put in as good a position as if the other party had fully performed but neither consequential or special nor penal damages may be had except as specifically provided in the Uniform Commercial Code or by other rule of law.
(b) Any right or obligation declared by the Uniform Commercial Code is enforceable by action unless the provision declaring it specifies a different and limited effect.

Credits

Laws 2005, c. 139, § 18, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 1-305, OK ST T. 12A § 1-305
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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