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§ 2A-514. Waiver of Lessee's Objections

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 2a. Leases (Refs & Annos)
12A Okl.St.Ann. § 2A-514
§ 2A-514. Waiver of Lessee's Objections
Currentness
WAIVER OF LESSEE'S OBJECTIONS
(1) In rejecting goods, a lessee's failure to state a particular defect that is ascertainable by reasonable inspection precludes the lessee from relying on the defect to justify rejection or to establish default:
(a) if, stated seasonably, the lessor or the supplier could have cured it (Section 2A-213 of this title); or
(b) between merchants if the lessor or the supplier after rejection has made a request in writing for a full and final written statement of all defects on which the lessee proposes to rely.
(2) A lessee's failure to reserve rights when paying rent or other consideration against documents precludes recovery of the payment for defects apparent in the documents.

Credits

Laws 1988, c. 86, § 61, eff. Nov. 1, 1988; Laws 2005, c. 140, § 54, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 2A-514, OK ST T. 12A § 2A-514
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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