California CodesCivil Code - CIVDivision 3 — ObligationsPart 1 — Obligations in GeneralTitle 4 — Extinction of ObligationsChapter 2 — Offer of PerformanceSection 1504
An offer of payment or other performance, duly made, though the title to the thing offered be not transferred to the creditor, stops the running of interest on the obligation, and has the same effect upon all its incidents as a performance thereof.
Notes
Establishes that a duly made offer of payment or other performance stops interest from accruing on the obligation and has the same effect on all incidents of the obligation as actual performance, even though title to the thing offered has not transferred to the creditor.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1504 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-1/title-4/chapter-2/section-1504