Oklahoma Statutes

Okla. Stat. tit. 15, § 233B (2026)

Form of relief in actions for rescission

✓ current as of July 2026

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In an action, counter claim, cross claim or plea in intervention based on the theory of rescission of a contract, the court shall adjust the equities between the parties, and although the action is tried to a jury, the court may require the party to whom relief based on rescission is granted to make that compensation to the other party which may be required. If the court determines that the contract may not be rescinded, it may grant damages or any other relief to which the party may be entitled, whether or not such relief is sought in the pleadings. Laws 1971, c. 46, § 2, eff. Oct. 1, 1971.

Notes of Decisions

Cited in 3 cases, 1980–2003 · leading case: Com. Commc'ns, Inc. v. State Ex Rel. Oklahoma Bd. of Pub. Affairs, 613 P.2d 473 (Okla. 1980).

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Com. Commc'ns, Inc. v. State Ex Rel. Oklahoma Bd. of Pub. Affairs, 613 P.2d 473 (Okla. 1980). · cites it 4× “The jury verdict was entered for the Board, and Commercial Communications moved for judgment pursuant to 15 O.S.1971, § 233B. 1 The trial court deter *475 mined that rescission by the Board did occur and that Commercial Communications’ failure to meet bid specifications was due,…”

Palace Expl. Co. v. Petroleum Dev. Co., 316 F.3d 1110 (10th Cir. 2003). “In footnote 7 contained in the trial brief, Palace attempted to explain the applicable Oklahoma rescission law, Okla. Stat. tit. 15 § 233B (“Section 233B”).”

Cimarron Pipeline Constr., Inc. v. United States Fid. & Guar. Ins. Co., 848 P.2d 1161 (Okla. 1993). “We answer that economic duress is recognized as an equitable doctrine in contract law and it is not an independent tort under Oklahoma law. We hold that 15 O.”

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