Oklahoma § 15-112 - Amount of consideration where not specified
Full text of Oklahoma Oklahoma Statutes § 15-112 — Amount of consideration where not specified, with citation guidance and answers to common questions.
§ 15-112. Amount of consideration where not specified
When a contract does not determine the amount of the
consideration, nor the method by which it is to be ascertained, or
when it leaves the amount thereof to the discretion of an interested
party, the consideration must be as much money as the object of the
contract is reasonably worth.
R.L.1910, § 932.
Oklahoma Statutes - Title 15. Contracts
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 15-112
What does Oklahoma Statutes § 15-112 cover?
Section 15-112 ("Amount of consideration where not specified") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 15-112?
A common citation format is "Oklahoma Statutes § 15-112" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 15-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.