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§ 2-511. Tender of Payment by Buyer; Payment by Check

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 2. Sales (Refs & Annos)
Part 5. Performance
12A Okl.St.Ann. § 2-511
§ 2-511. Tender of Payment by Buyer; Payment by Check
Currentness
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.

Credits

Laws 1961, p. 91, § 2-511; Laws 1994, c. 46, § 3, eff. Sept. 1, 1994.
12A Okl. St. Ann. § 2-511, OK ST T. 12A § 2-511
Current with emergency effective legislation through Chapter 449 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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