California CodesCivil Code - CIVDivision 3 — ObligationsPart 1 — Obligations in GeneralTitle 4 — Extinction of ObligationsChapter 2 — Offer of PerformanceSection 1505

If anything is given to a creditor by way of performance, which he refuses to accept as such, he is not bound to return it without demand; but if he retains it, he is a gratuitous depositary thereof.

Notes

Establishes that a creditor who refuses property offered as performance need not return it until a demand is made. If the creditor retains the property after refusing it as performance, the creditor holds it as a gratuitous depositary rather than as accepted performance of the obligation.

‹ Previous
Next ›

Use as reference

Lexinter.net | California Code, Civil Code - CIV § 1505 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-1/title-4/chapter-2/section-1505

Disclaimer: Codes available on Lexinter may not reflect the most current laws in your jurisdiction. We make no warranties regarding the accuracy, completeness, or adequacy of the information provided. Always verify the status of any code with your state legislature or official government sources before relying on it for legal purposes.