Unless displaced by particular provisions of this act, the principles of law and equity, including the law merchant, and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy or other validating or invalidating causes supplement its provisions.
§ 729.14.Principles of Law and Equity - Construction of Act
Chapter 12: Judgment · Not amended since adoption on record · Last verified August 3, 2026
In one sentenceSection 729.14 supplements the Oklahoma Uniform Foreign-Money Claims Act with general principles of law and equity — including capacity to contract, agency, estoppel, fraud, misrepresentation, duress, coercion, mistake, and bankruptcy — wherever the Act doesn't displace them.
Full Text of § 729.14
Amendment History
Added by Laws 1994, SB 634, c. 165, § 14, eff. 1/1/1995.
Plain-English Summary
This Act doesn't operate in a vacuum. Where it doesn't specifically displace them, the ordinary principles of law and equity keep applying — capacity to contract, principal-agent law, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other doctrines that validate or invalidate obligations.
Frequently Asked Questions
Can a party still raise a fraud or duress defense to a foreign-money claim?
Yes. General principles of law and equity, including fraud, misrepresentation, duress, and coercion, supplement the Act unless a specific provision displaces them.
Does bankruptcy law still apply to a foreign-money claim?
Yes, the section lists bankruptcy among the doctrines that continue to apply alongside the Act.
Does this section give courts a new independent power?
No. It confirms that existing principles of law and equity continue to fill gaps the Act itself doesn't address.
Source & verification. Section text is reproduced verbatim from
Title 12 of the Oklahoma Statutes, enacted by the Oklahoma Legislature.
Last verified August 3, 2026.
· Official source
Also known as: general equity principles foreign money actfraud duress defense foreign currency claim oklahoma12 os 729.14