Chapter 2. Offer of Performance - California Civil Code Section 1503

1503.  The person offering a thing, other than money, by way of
performance, must, if he means to treat it as belonging to the
creditor, retain it as a depositary for hire, until the creditor
accepts it, or until he has given reasonable notice to the creditor
that he will retain it no longer, and, if with reasonable diligence
he can find a suitable depositary therefor, until he has deposited it
with such person.

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Last modified: February 16, 2015