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2024 California Code
Civil Code - CIV
DIVISION 3 - OBLIGATIONS
PART 1 - OBLIGATIONS IN GENERAL
TITLE 4 - EXTINCTION OF OBLIGATIONS
CHAPTER 5 - Novation
Section [1533.].
Universal Citation:
CA Civ Code § [1533.] (2024)
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[1533.] Section Fifteen Hundred and Thirty-three. When the obligation of a third person, or an order upon such person is accepted in satisfaction, the creditor may rescind such (such) acceptance if the debtor prevents such person from complying with the order, or from fulfilling the obligation; or if, at the time the obligation or order is received, such person is insolvent, and this fact is unknown to the creditor, or if, before the creditor can with reasonable diligence present the order to the person upon whom it is given, he becomes insolvent.
(Amended by Code Amendments 1873-74, Ch. 612.)
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